For Sale · Land

6295 Pleasant Valley Road, Vernon

6295 Pleasant Valley Road, Vernon, BC V1B3R3

$574,900 total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

85%

Lot Size

0.54 ac

About this property

Great location for this large 0.55 acre lot ready for many different possibilities. Sewer hookup is in the future plans for the area and many properties close by have undergone successful commercial and light industrial re-zoning. Options for this lot include office space, parking, and business exposure to Pleasant Valley Road. OCP calls for Light Industrial zoning. (id:66811)

Financial sandbox

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Estimate
Purchase price$575K
Down payment30% · $172K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$25K

Annual cash flow

$-7K

Cash-on-cash

-4.17%

DSCR

0.77

Going-in cap

4.29%

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

45,440

Households

20,007

Median income

$65,000

Median age

42.4

Daytime population

59,817

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 6295 Pleasant Valley Road, Vernon.

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.