Business For Sale · Land

Range Road 263, Rural Red Deer County

Range Road 263, Rural Red Deer County, AB T4E1H9

$1.1M total

—

Asset Class

Land

Size

—

Building class

A

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

89%

Lot Size

144 ac

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.05M
Down payment30% · $315K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for Range Road 263, Rural Red Deer County.

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.