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$1.1M total
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Asset Class
Land
Size
—
Building class
A
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
89%
Lot Size
144 ac
This prime 144-acre agricultural parcel in Red Deer County, just minutes from Red Deer, offers an exceptional blend of productive farmland and natural pasture. Featuring nearly 115 acres of versatile dryland cropland with top-tier soil ratings, the property is well-suited for high-yield farming operations. The remaining 29.5 acres comprise scenic native pasture complete with mature trees and natural watercourses, providing ideal ground for grazing livestock or managing rotational land use. Surface lease revenue from CNRL is $2500 annually. There is NO subdivision out of this parcel. It was originally surveyed in the latter part of the 19th century when there was a small lake comprising part of the NW corner of the 1/4. The lake has dried up, a road was put through decades ago and the current owner has been given unfettered access and use of those 16 acres by the province in 1964. Some of the "native" ground could easily be converted to productive cropland with modern farming technology. This is an attractive investment opportunity for established producers and agricultural investors alike. (id:66811)
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Monthly debt service
$5K
Projected NOI
$43K
Annual cash flow
$-15K
Cash-on-cash
-4.68%
DSCR
0.75
Going-in cap
4.14%
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.
Trade area within 3 miles of the property.
Population
102,913
Households
45,430
Median income
$67,000
Median age
40.6
Daytime population
113,627
5-yr growth
8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for Range Road 263, Rural Red Deer County.
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.