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For Sale · Specialty

5005 50 Street, Rimbey

5005 50 Street, Rimbey, AB T0C2J0

$489,900 total

5,000 SF

Asset Class

Specialty

Size

5,000 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

$98

Occupancy

95%

Year Built

2013

About this property

Great opportunity to purchase a 5,000 sq ft of commercial space right in the heart of downtown Rimbey. Situated on a 0.14-acre parcel with prime Main Street frontage, this 2013-built property offers excellent visibility in a high-traffic location—ideal for a wide range of business ventures. One side is currently vacant and ready for tenant improvements, or an owner operator. Move in an have the 1,500 sf lease cover some of the costs. The vacant space includes existing shelving and offers flexible layout potential. Whether you’re establishing a retail store, restaurant, salon, or professional office, this building is well-suited to accommodate your vision. Additional features include rear parking, and truck loading access. Immediate possession available! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$490K
Down payment30% · $147K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$31K

Annual cash flow

$3K

Cash-on-cash

2.36%

DSCR

1.13

Going-in cap

6.25%

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
Lakeview Physiotherapy2,310 SF2030-11
Lakeview Physiotherapy1,195 SF2030-11
Lakeview Physiotherapy608 SF2029-11
Northbridge Logistics656 SF2029-11

Area demographics

Trade area within 3 miles of the property.

Population

42,410

Households

16,577

Median income

$92,000

Median age

45.8

Daytime population

61,759

5-yr growth

4.1%

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

Secure deal room

Confidential diligence documents for 5005 50 Street, Rimbey.

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.