




1/6Unit 107 Basement, 4819 48 Avenue, Red Deer, AB T4N3T2
$6,480 Yearly
9,750 SF
Asset Class
Specialty
Size
9,750 SF
Building class
B
Zoning
US — Urban Services
$ / SF
$1
Occupancy
92%
Year Built
1960
Located on the lower floor, this unit is 360 sf; the interior features a functional, divide into to separate space with a service counter and an open area/ office of practical size, with a private washroom. The unit is well-suited for a range of business and retail uses. The unit is forced-air, natural-gas-heated, and has air conditioning. Situated on a high-visibility corner with signage facing 48 Avenue, the property benefits from excellent exposure and walkability, positioned near City Hall, the new Courthouse, Sorenson Station, transit, restaurants and downtown services. The property offers convenient access for staff and clients. Possession is negotiable. Ideal for businesses seeking visibility, efficiency, and value in a central location. There is no on-site parking; however, ample street parking is available around the building, and public parking lots are nearby. Competitive lease rate. Don’t miss out on this ideal space for your business. Perfect for retail, office, or professional use! Triple Net is $8.25/sqft for 2026 estimated. Owner willing to undertake Tenant improvements on offer. Other unit varying in size are for lease; see MLS# 2346343, MLS #: A2346340, MLS#: A2346334, MLS#: A2346314 |. MLS#: A2346294 . This complex is also for sale; see MLS#: A2346263 (id:66811)
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Monthly debt service
$30
Projected NOI
$340
Annual cash flow
$-19
Cash-on-cash
-0.96%
DSCR
0.95
Going-in cap
5.25%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
| Tenant | Area | Expiry |
|---|---|---|
| Lakeview Physiotherapy | 8,960 SF | 2029-10 |
Trade area within 3 miles of the property.
Population
134,297
Households
58,014
Median income
$114,500
Median age
45.5
Daytime population
148,658
5-yr growth
1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for Unit 107 Basement, 4819 48 Avenue, Red Deer.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.