Luxury Garage Condos For
For Sale
Contact for pricing
5765 Stables Wy Unit C03, Alpharetta, GA 30004
Upscale, customizable garage condos for car enthusiasts and collectors.
Property Size1,150 SF
Price / SF$405
Days on Market858
Property Features for 5765 Stables Wy Unit C03
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Industrial
Listing Agency:
Personal Warehouse & Red Commercial
Listed By:
Steve Garrison · License #CO
Source:
Crexi
Added: Jun 15, 2024
Changed: Oct 14
Last Checked: Oct 19 at 5:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Personal Warehouse & Red Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
These garage condos offer a solution for car enthusiasts, collectors, and those seeking a premium space for their vehicles. These car condos combine the benefits of secure vehicle storage with the comforts of a private lounge. With flexible designs to match practical and aesthetic needs, climate control, power and advanced security features, these garage condos cater to a growing demand for upscale, fully customizable spaces. The property has a size of 1150 square feet.
Key Highlights
- Secure, climate‑controlled storage for prized vehicles.
- Customizable design to match practical and aesthetic needs.
- Private lounge area for relaxation and entertainment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,760
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,200
$295.2K
Cap Rate 7%
$210,857
$210.9K
Cap Rate 9%
$164,000
$164.0K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$22.1K $19.20/SF
− Vacancy
−$994 −$0.86/SF
EGI
$21.1K $18.34/SF
− OpEx
−$6.3K −$5.50/SF
NOI
$14.8K $12.84/SF
Area
Fulton County, GA
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,200
Cap Rate 7%
$210,857
Cap Rate 9%
$164,000
Alternative Uses
Best Use
Retail
$210.9K
$184.5K – $246.0K
NOI $14,760 @ 7.0% cap · market cap 3.17%
Second Best
Warehouse
$120.6K
$105.5K – $140.7K
NOI $8,442 @ 7.0% cap · market cap 1.81%
Theoretical Best
Office A
$321.5K
$281.3K – $375.1K
NOI $22,503 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30004, GA
68,607
Population
25,485
Households
2.7
Avg Household Size
37
Median Age
72%
College-Educated
95%
High-School Grad
57.9 sq mi
ZIP Area
1,185
Density / Sq Mi
$147,996
Median Household Income
$82,818
Median Earnings
$1,839
Median Rent
$583,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Upscale, customizable garage condos for car enthusiasts and collectors.
Where is this warehouse located?
The property is located at 5765 Stables Wy Unit C03 Alpharetta, GA.
What is the asking price?
The asking price for this property is $465,750.
What are key features of this property?
This property features: Secure, climate‑controlled storage for prized vehicles.; Customizable design to match practical and aesthetic needs.; Private lounge area for relaxation and entertainment.
