For Lease · Specialty

205, 7803 50 Avenue, Red Deer

205, 7803 50 Avenue, Red Deer, AB T4P1M8

$12 Yearly

1,180 SF

Asset Class

Specialty

Size

1,180 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

$0

Occupancy

89%

About this property

2nd Floor AIR CONDITIONED walk up space on North Gaetz in Red Deer. Space suited for retail by appointment or office uses. City of Red Deer now permits office professionals in this zoning ( subject to approval by city) Ideal space for small accounting/bookkeeping, administrative offices, small micro retail business. ( past use) Unit layout- one office one large meeting room ( could be office) remainder is open space which can be used for display or office cubicles/ open workspace area. Small Storage room. Combination of open ceiling and T-bar, LED Lighting, Space was recently renovated (2023) new vinyl Plank flooring and painted. exposure facing Gaetz Ave. unit is heated and cooled with rooftop unit ; Tenant has full control of temperature for their space. Signage: . Directory signage on main floor entry to building and identification signage on unit door, outside Tenant will have identification signage on main level entrance to the walk up space. Parking - 66 surface stalls located on the site; mix of dedicated and common.Common costs estimated at $5.25 for 2026 for upstairs units- proportionate share of heat, water and sewer and shared use of one garbage bin ,property taxes, insurance and janitorial to common areas. Tenant pays Electricity, Telus and Shaw now available at the building.Main entrance to the 2nd floor complex renovated in 2025; Other Tenancy on this floor included a financial services company, engineer and admin offices for an oil flied services company. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$12
Down payment30% · $4
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

6.25%

DSCR

1.34

Going-in cap

7.42%

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
Cascade Foods Inc.659 SF2027-06
Cascade Foods Inc.400 SF2027-06

Area demographics

Trade area within 3 miles of the property.

Population

47,567

Households

17,181

Median income

$119,000

Median age

36.4

Daytime population

58,461

5-yr growth

5.6%

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

Secure deal room

Confidential diligence documents for 205, 7803 50 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.