


















1/20D, 4819 48 Avenue, Red Deer, AB T4N3T2
$21,300 Yearly
1,925 SF
Asset Class
Specialty
Size
1,925 SF
Building class
B
Zoning
US — Urban Services
$ / SF
$11
Occupancy
92%
Year Built
1960
The interior features a functional layout with an open area, a practical-size private office, and private washrooms. The main entrance provides direct access to the space, and the area is well-suited for a range of business and professional office uses. The unit is 1,185 sq ft, forced-air, natural-gas heated, with 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, the transit hub, 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 $21330 annnuly, Triple Net is $8.25/sqft for 2026, estimated. Tenant improvements will be considered with an offer. Other units varying in size are for lease; see MLS# 2346343, MLS #: A2346340, MLS#: A2346334, MLS#: A2346325, MLS#: A2346314. This complex is also for sale; see MLS#: A2346263 (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$98
Projected NOI
$1K
Annual cash flow
$-62
Cash-on-cash
-0.97%
DSCR
0.95
Going-in cap
5.25%
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.
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 1,767 SF | 2028-08 |
Trade area within 3 miles of the property.
Population
56,236
Households
22,786
Median income
$115,000
Median age
45.4
Daytime population
61,950
5-yr growth
3.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for D, 4819 48 Avenue, Red Deer.
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.