For Lease · Specialty

D, 4819 48 Avenue, Red Deer

D, 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

About this property

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)

Financial sandbox

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Estimate
Purchase price$21K
Down payment30% · $6K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

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.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group1,767 SF2028-08

Area demographics

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.

Secure deal room

Confidential diligence documents for D, 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.