Unit 104 Basement, 4819 48 Avenue, Red DeerUnit 104 Basement, 4819 48 Avenue, Red Deer — photo 2Unit 104 Basement, 4819 48 Avenue, Red Deer — photo 3Unit 104 Basement, 4819 48 Avenue, Red Deer — photo 4Unit 104 Basement, 4819 48 Avenue, Red Deer — photo 5Unit 104 Basement, 4819 48 Avenue, Red Deer — photo 6Unit 104 Basement, 4819 48 Avenue, Red Deer — photo 7Unit 104 Basement, 4819 48 Avenue, Red Deer — photo 8
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For Lease · Specialty

Unit 104 Basement, 4819 48 Avenue, Red Deer

Unit 104 Basement, 4819 48 Avenue, Red Deer, AB T4N3T2

$4,788 Yearly

9,750 SF

Asset Class

Specialty

Size

9,750 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

$0

Occupancy

82%

Year Built

1960

About this property

Located on the lower floor, this 228 sf unit features a wide-open interior. The unit is well-suited for a range of business and retail uses. Washrooms are shared facilities for this unit. The unit is forced-air, natural-gas-heated, and has air conditioning. Situated on a high-visibility corner with signage facing 48 Avenue, the property benefits from excellent exposure and walkability, positioned near City Hall, the new Courthouse, Sorenson Station, transit, restaurants and downtown services. The property offers convenient access for staff and clients. Possession is negotiable. Ideal for businesses seeking visibility, efficiency, and value in a central location. There is no on-site parking; however, ample street parking is available around the building, and public parking lots are nearby. Competitive lease rate. Don’t miss out on this ideal space for your business. Perfect for retail, office, or professional use! . Lease rate is $4788 annually; Triple Net is $8.25/sqft for a 2026 FY estimate. Owner is willing to undertake Tenant improvements on offer. Units 104 and 105 can be leased together. Other units varying in size are for lease; see MLS #: A2346340, MLS #: A2346334, MLS #: A2346325, MLS #: A2346314 |. MLS#: A2346294 . This complex is also for sale; see MLS#: A2346263 (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$5K
Down payment30% · $1K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$22

Projected NOI

$210

Annual cash flow

$-55

Cash-on-cash

-3.84%

DSCR

0.79

Going-in cap

4.39%

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
Prairie Coffee Roasters3,612 SF2033-01
Vector Robotics1,993 SF2033-01
Vector Robotics1,081 SF2033-01
Vector Robotics1,337 SF2033-01

Area demographics

Trade area within 3 miles of the property.

Population

50,424

Households

21,010

Median income

$103,000

Median age

45

Daytime population

68,198

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for Unit 104 Basement, 4819 48 Avenue, 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.