Main, 4811 48 Street, Red DeerMain, 4811 48 Street, Red Deer — photo 2Main, 4811 48 Street, Red Deer — photo 3Main, 4811 48 Street, Red Deer — photo 4Main, 4811 48 Street, Red Deer — photo 5Main, 4811 48 Street, Red Deer — photo 6Main, 4811 48 Street, Red Deer — photo 7Main, 4811 48 Street, Red Deer — photo 8Main, 4811 48 Street, Red Deer — photo 9Main, 4811 48 Street, Red Deer — photo 10Main, 4811 48 Street, Red Deer — photo 11Main, 4811 48 Street, Red Deer — photo 12
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For Lease · Specialty

Main, 4811 48 Street, Red Deer

Main, 4811 48 Street, Red Deer, AB T4N1S6

$10 Yearly

3,750 SF

Asset Class

Specialty

Size

3,750 SF

Building class

C

Zoning

US — Urban Services

$ / SF

$0

Occupancy

95%

Year Built

1979

Lot Size

0.1335169880624426 ac

About this property

Main Floor office or retail 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. The building has served a variety of businesses and organizations over the years and has been well maintained. Current layout are offices and meeting rooms, boardroom small kitchenette, two washrooms. Separate entrance and exit from the second-floor space. This main floor could be reconfigured for retail use. 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$10
Down payment30% · $3
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

13.20%

DSCR

1.71

Going-in cap

9.50%

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 Physiotherapy3,563 SF2030-05

Area demographics

Trade area within 3 miles of the property.

Population

79,381

Households

34,979

Median income

$98,500

Median age

31.2

Daytime population

125,634

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for Main, 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.