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$405
Days on Market776
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: Jul 6
Last Checked: Jul 29 at 12:43PM
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.
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 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 | $23.8k | $19.20 |
| − Vacancy | −$1.1k | −$0.86 |
| EGI | $22.7k | $18.34 |
| − OpEx | −$6.8k | −$5.50 |
| NOI | $15.9k | $12.84 |
1,240 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$227.4K
$199.0K – $265.3K
NOI $15,916 @ 7.0% cap · market cap 3.17%
Second Best
Warehouse
$130.0K
$113.8K – $151.7K
NOI $9,103 @ 7.0% cap · market cap 1.81%
Theoretical Best
Office A
$346.6K
$303.3K – $404.4K
NOI $24,264 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
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
Properties on Market for Warehouses in Alpharetta
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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 $502,200.
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
