Offices 1-5, 4819 48 Avenue, Red DeerOffices 1-5, 4819 48 Avenue, Red Deer — photo 2Offices 1-5, 4819 48 Avenue, Red Deer — photo 3Offices 1-5, 4819 48 Avenue, Red Deer — photo 4Offices 1-5, 4819 48 Avenue, Red Deer — photo 5Offices 1-5, 4819 48 Avenue, Red Deer — photo 6Offices 1-5, 4819 48 Avenue, Red Deer — photo 7Offices 1-5, 4819 48 Avenue, Red Deer — photo 8Offices 1-5, 4819 48 Avenue, Red Deer — photo 9Offices 1-5, 4819 48 Avenue, Red Deer — photo 10Offices 1-5, 4819 48 Avenue, Red Deer — photo 11Offices 1-5, 4819 48 Avenue, Red Deer — photo 12Offices 1-5, 4819 48 Avenue, Red Deer — photo 13Offices 1-5, 4819 48 Avenue, Red Deer — photo 14Offices 1-5, 4819 48 Avenue, Red Deer — photo 15Offices 1-5, 4819 48 Avenue, Red Deer — photo 16
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For Lease · Specialty

Offices 1-5, 4819 48 Avenue, Red Deer

Offices 1-5, 4819 48 Avenue, Red Deer, AB T4N3T2

$17,820 Yearly

1,070 SF

Asset Class

Specialty

Size

1,070 SF

Building class

A

Zoning

US — Urban Services

$ / SF

$17

Occupancy

88%

Year Built

1960

About this property

The interior features a functional layout with an open area, a practical-size private office, and private washrooms. The main entrance provides direct access to the space, and the area is well-suited for a range of business and professional office uses. The unit is 1,185 sq ft, forced-air, natural-gas heated, with 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, the transit hub, 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. Tenant improvements will be considered with an offer. Other units varying in size are for lease see MLS# 2346343, MLS #: A2346340, MLS#: A2346334, MLS#: A2346325, MLS#: A2346294. This complex is also for sale; see MLS#: A2346263 (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$18K
Down payment30% · $5K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$82

Projected NOI

$874

Annual cash flow

$-113

Cash-on-cash

-2.12%

DSCR

0.89

Going-in cap

4.91%

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
Summit Trades Supply400 SF2034-10
Summit Trades Supply574 SF2034-10

Area demographics

Trade area within 3 miles of the property.

Population

136,143

Households

54,834

Median income

$98,000

Median age

44.5

Daytime population

224,359

5-yr growth

1.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for Offices 1-5, 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.