For Lease · Specialty

Unit 107 Basement, 4819 48 Avenue, Red Deer

Unit 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

About this property

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)

Financial sandbox

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Estimate
Purchase price$6K
Down payment30% · $2K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

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.

Rent roll (estimated)

TenantAreaExpiry
Lakeview Physiotherapy8,960 SF2029-10

Area demographics

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.

Secure deal room

Confidential diligence documents for Unit 107 Basement, 4819 48 Avenue, Red Deer.

NDA required
  • 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.