Luxury Garage Condos For
For Sale
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5735 Stables Wy Unit D02, Alpharetta, GA 30004
Upscale, customizable garage condos for car enthusiasts and collectors.
Property Size1,240 SF
Price / SF$420
Days on Market867
Property Features for 5735 Stables Wy Unit D02
General Information
Standard status
Active
Size
1,240 SF
Property subtype
Industrial
Listing Agency:
Personal Warehouse & Red Commercial
Listed By:
Steve Garrison · License #CO
Source:
Crexi
Added: Jun 15, 2024
Changed: Oct 26
Last Checked: Oct 28 at 7:49AM
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, also known as car condos and man caves, provide a solution for car enthusiasts, collectors, and those seeking a premium space for their vehicles. These units combine secure vehicle storage with the comforts of a private lounge suitable for relaxation or entertainment. The flexible designs can be customized to match practical and aesthetic needs. Climate control, power, and advanced security features are included. The property has a size of 1240 square feet.
Key Highlights
- Secure vehicle storage with climate control
- Customizable design to match practical and aesthetic needs
- Private lounge area for relaxation or entertainment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,916
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,320
$318.3K
Cap Rate 7%
$227,371
$227.4K
Cap Rate 9%
$176,844
$176.8K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$23.8K $19.20/SF
− Vacancy
−$1.1K −$0.86/SF
EGI
$22.7K $18.34/SF
− OpEx
−$6.8K −$5.50/SF
NOI
$15.9K $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%
$318,320
Cap Rate 7%
$227,371
Cap Rate 9%
$176,844
Alternative Uses
Best Use
Retail
$227.4K
$199.0K – $265.3K
NOI $15,916 @ 7.0% cap · market cap 3.06%
Second Best
Warehouse
$130.0K
$113.8K – $151.7K
NOI $9,103 @ 7.0% cap · market cap 1.75%
Theoretical Best
Office A
$346.6K
$303.3K – $404.4K
NOI $24,264 @ 7.0% cap · market cap 4.66%
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 5735 Stables Wy Unit D02 Alpharetta, GA.
What is the asking price?
The asking price for this property is $520,800.
What are key features of this property?
This property features: Secure vehicle storage with climate control; Customizable design to match practical and aesthetic needs; Private lounge area for relaxation or entertainment
