1/6Unit 105 Basement, 4819 48 Avenue, Red Deer
Unit 105 Basement, 4819 48 Avenue, Red Deer, AB T4N3T2
$4,788 Yearly
9,750 SF
Asset Class
Specialty
Size
9,750 SF
Building class
B
Zoning
US — Urban Services
$ / SF
$0
Occupancy
87%
Year Built
1960
About this property
Located on the lower floor, this unit is 228 sf; the interior features a wide-open space. The unit is well-suited for a range of business and retail uses. Washrooms are shared. 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 units, varying in size, are for lease; see MLS#: A2346343, MLS#: A2346334, MLS#: A2346325, MLS#: A2346314 |. MLS#: A2346294 . This complex is also for sale; see MLS#: A2346263 (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$22
Projected NOI
$231
Annual cash flow
$-35
Cash-on-cash
-2.41%
DSCR
0.87
Going-in cap
4.82%
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)
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 4,449 SF | 2033-07 |
| Meridian Health Group | 2,114 SF | 2033-07 |
| Meridian Health Group | 1,890 SF | 2033-07 |
Area demographics
Trade area within 3 miles of the property.
Population
75,588
Households
27,389
Median income
$91,000
Median age
43.1
Daytime population
118,587
5-yr growth
4.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for Unit 105 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.