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    5765 Stables Way Alpharetta, GA 30004

    • Warehouses
    • 17,378 SF
    For Lease
    View listing
    $25 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 5765 Stables Way

    Property size
    17,378 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This Forsyth County warehouse condo, Unit C06 of Alpharetta Car Condos, offers 1,525 square feet of climate-controlled space ideal for car enthusiasts. The 17,378-square-foot building features insulated masonry construction with energy-efficient LED lighting, and all units are designed and approved for mezzanines, adding valuable vertical space. Security is a priority with 24/7 access, wide paved aisles, 14' x 14' overhead doors equipped with operators, and a fully fenced and gated property. The unit is available for sale or lease. Ceiling heights range from 21' 2.25" to 23' 0.25". Note that there is an estimated monthly assessment of $348.52 and a $1,400.00 HOA initiation and administrative fee. This premium space provides a secure and luxurious environment for storing and showcasing prized vehicles. The single-tenant occupancy ensures privacy and control.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alpharetta
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.25
    Latitude
    34.1465

    Comparable in this City

    • Value Estimation by Request
      1,150 SF

      5765 Stables Way

      Distribution properties • 1,150 SF
      5765 Stables Way, Alpharetta, GA 30004
      View Details
    • Value Estimation by Request
      1,280 SF

      5735 Stables Way

      Distribution properties • 1,280 SF
      5735 Stables Way, Alpharetta, GA 30004
      View Details
    • Value Estimation by Request
      1,150 SF

      5765 Stables Way

      Distribution properties • 1,150 SF
      5765 Stables Way, Alpharetta, GA 30004
      View Details
    • Value Estimation by Request
      13,420 SF

      5725 Stables Way

      Distribution properties • 13,420 SF
      5725 Stables Way, Alpharetta, GA 30004
      View Details
    • Value Estimation by Request
      1,000 SF

      5715 Stables Way

      Distribution properties • 1,000 SF
      5715 Stables Way, Alpharetta, GA 30004
      View Details
    • Value Estimation by Request
      1,000 SF

      5715 Stables Way

      Distribution properties • 1,000 SF
      5715 Stables Way, Alpharetta, GA 30004
      View Details

    Similar Nearby for Sale

    • $400,000
      1,000 SF

      Alpharetta Warehouse For Sale

      1,000 SF Warehouse, Vacant, $400K
      5715 Stables Way, Alpharetta, GA 30004
      View Details
    • $512,000
      1,280 SF

      Alpharetta Warehouse Condo - $512K

      Luxury Car Condo, Alpharetta, GA
      5735 Stables Way, Alpharetta, GA 30004
      View Details
    • $385,000
      1,000 SF

      Alpharetta Warehouse For Sale

      1,000 SF Warehouse, $385,000
      5715 Stables Way, Alpharetta, GA 30004
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    • $515,673
      1,150 SF

      Alpharetta Warehouse Condo Investment

      High-ROI Warehouse Condo in Alpharetta, GA
      5765 Stables Way, Alpharetta, GA 30004
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    • $490,000
      1,250 SF

      Alpharetta Warehouse For Sale

      1,250 SF Warehouse, Ideal for Business
      5705 Stables Way, Alpharetta, GA 30004
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    • $385,000
      1,000 SF

      Alpharetta Warehouse For Sale

      1,000 SF Warehouse, $385,000
      5715 Stables Way, Alpharetta, GA 30004
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      17,378 SF

      Alpharetta Car Condos Unit C06

      Luxury Car Condo - Forsyth County
      5765 Stables Way, Alpharetta, GA 30004
      View Details
    • $23 SF/Yr
      13,420 SF

      Alpharetta Warehouse Space Available

      1,647 SF Warehouse in Alpharetta, GA
      5725 Stables Way, Alpharetta, GA 30004
      View Details
    • $23 SF/Yr
      13,420 SF

      Forsyth County Warehouse For Sale

      13,420 SF Warehouse, Single Tenant
      5725 Stables Way, Alpharetta, GA 30004
      View Details
    • $25 SF/Yr
      6,678 SF

      Alpharetta Car Condo Unit D02

      Luxury Car Storage; Forsyth County
      5735 Stables Way, Alpharetta, GA 30004
      View Details
    • $23 SF/Yr
      11,115 SF

      Forsyth County Warehouse For Sale/Lease

      11,115 SF Warehouse, 1,625 SF Vacant
      5705 Stables Way, Alpharetta, GA 30004
      View Details
    • Contact for pricing
      36,840 SF

      Alpharetta Flex Space - Union Hill Rd

      Prime Flex/Warehouse Space Available
      1005 Union Hill Rd, Alpharetta, GA 30004
      View Details
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    5765 Stables Way
    Alpharetta, GA 30004
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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