2nd floor, 4811 48 Street, Red Deer2nd floor, 4811 48 Street, Red Deer — photo 22nd floor, 4811 48 Street, Red Deer — photo 32nd floor, 4811 48 Street, Red Deer — photo 42nd floor, 4811 48 Street, Red Deer — photo 52nd floor, 4811 48 Street, Red Deer — photo 62nd floor, 4811 48 Street, Red Deer — photo 72nd floor, 4811 48 Street, Red Deer — photo 82nd floor, 4811 48 Street, Red Deer — photo 92nd floor, 4811 48 Street, Red Deer — photo 102nd floor, 4811 48 Street, Red Deer — photo 112nd floor, 4811 48 Street, Red Deer — photo 12
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For Lease · Office

2nd floor, 4811 48 Street, Red Deer

2nd floor, 4811 48 Street, Red Deer, AB T4N1S6

$8 Yearly

4,250 SF

Asset Class

Office

Size

4,250 SF

Building class

B

Zoning

CB2 — Central Business

$ / SF

$0

Occupancy

96%

Year Built

1979

Lot Size

0.1335169880624426 ac

About this property

2nd floor opportunity directly across from Red Deer’s new courthouse and justice centre. Very conveniently located with Transit hub, City Hall and Library only 1 block away. Building has had an exterior refresh completed in 2025; if you like the outside imagine what can be done on the inside! Current layout are offices and “training rooms”, boardroom, three washrooms. Training rooms can be restored to offices. Although older, this space can be turned into bright functional space with a bit of paint, lighting and new flooring. Unit has separate electrical meters, gas is common and prorated with main floor tenant. Separate entrance and exit to the second-floor space.Up to 5 surface parking stalls at back of building 2 tandem stalls, one regular stall; additional off-site parking nearby including City of Red Deer parkade with month-to-month parking options. The common costs for the building are estimated at $6.80 per square foot for 2026 (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$8
Down payment30% · $2
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$0

Annual cash flow

$-0

Cash-on-cash

-18.47%

DSCR

0.00

Going-in cap

0.00%

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
Northbridge Logistics1,653 SF2030-01
Northbridge Logistics980 SF2030-01
Northbridge Logistics1,447 SF2030-01

Area demographics

Trade area within 3 miles of the property.

Population

54,430

Households

20,105

Median income

$82,000

Median age

43.4

Daytime population

48,424

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for 2nd floor, 4811 48 Street, 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.