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Luxury Garage Condo For Sale
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5765 Stables Wy Unit C07, Alpharetta, GA 30004

Upscale, customizable garage condo for car enthusiasts and collectors.

Property Size1,150 SF
Price / SF$405
Days on Market776

Property Features for 5765 Stables Wy Unit C07

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: Jul 6 Last Checked: Jul 30 at 7:46AM

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

Investment Insights

Based on property information with market context.

This 1150 square foot garage condo offers a unique solution for car enthusiasts, collectors, and those seeking a premium space for their prized vehicles. These car condos combine the benefits of secure vehicle storage with the comforts of a private lounge to relax or entertain in. 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.

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 For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $22.1k $19.20
− Vacancy −$994 −$0.86
EGI $21.1k $18.34
− OpEx −$6.3k −$5.50
NOI $14.8k $12.84
1,150 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$210.9K
$184.5K – $246.0K (±1% cap)
NOI $14,760 @ 7.0% cap · market cap 3.17%
Second Best
Warehouse
$120.6K
$105.5K – $140.7K (±1% cap)
NOI $8,442 @ 7.0% cap · market cap 1.81%
Theoretical Best
Office A
$321.5K
$281.3K – $375.1K (±1% cap)
NOI $22,503 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Parking lots & garages

Location Intelligence

Trade Area within ½ mile

64
Businesses Nearby
Well-served
Demand for This Use

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

Properties on Market for Warehouses in Alpharetta

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Warehouse - Upscale, customizable garage condo for car enthusiasts and collectors.
Where is this warehouse located?
The property is located at 5765 Stables Wy Unit C07 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
More about this property
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