7605 Henderson Way,Out of Area, AB T4L 0K7
Out of Area, AB T4L 0K7
Description
MIDWAY COMMERCIAL LOT 2 - CENTRAL ALBERTA INVESTMENT OPPORTUNITY Ontario investors seeking a lower-cost alternative to GTA commercial real estate can consider this income-producing commercial opportunity in Lacombe, Alberta, strategically located along the QEII corridor between Edmonton and Calgary.$4.8M Asking Price | ~$250,145 Current Base Rent | ~5.21% Indicative Yield The property offers significant upside through the potential development of up to 10,000 SF of professional/medical space. Phase I could begin with 5,000 SF, estimated at $900K, with potential rent of approximately $150K annually at $30/SF. Upon completion and lease-up, projected base rental income could reach approximately $400K annually, representing an estimated 7.02% yield on the $5.7M total acquisition + Phase I development cost. The medical component represents an estimated 16.7% development yield. At a potential 6% stabilized cap rate, projected income could support approximately $6.67M in value, representing approximately $970K of potential gross value creation. Key Highlights: Existing income; Medical/professional development upside; Phased construction; Central Alberta QEII location. Lower capital entry point than many Ontario opportunities. Local property management available through MaxWell Real Estate Solutions in Red Deer. Acquire, Develop, Lease, Increase NOI, Create Value. All figures are approximate projections and subject to verification, market conditions, financing, construction costs, leasing and actual operating performance.
Details
| MLS # | X13712678 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 69 |
| Listing Provided By | MaxWell Privé | X13712678 20020300 |
Features
| SQ Feet | 87,120 |
|---|---|
| Acreage | 2.00 |
Interior
| Cooling | Yes |
|---|
Exterior
| Community Features | Major Highway |
|---|---|
| Security Features | No |
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 35000 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2025 |
Area Information
| Province | AB |
|---|---|
| County | Canada |
| City | Out of Area |
| Postal Code | T4L 0K7 |
| Listing VS Median (in T4L 0K7) | |
Price: $4,800,000 low | high Med: $4,800,000 sqft: 87,120 low | high Med: 87,120 $ / sqft: $55 low | high Med: $55 On site: 69 low | high Med: 69 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | AB |
|---|---|
| County | Canada |
| City | Out of Area |
| Postal Code | T4L 0K7 |
| Listing VS Median (in T4L 0K7) | |
Price: $4,800,000 low | high Med: $4,800,000 sqft: 87,120 low | high Med: 87,120 $ / sqft: $55 low | high Med: $55 On site: 69 low | high Med: 69 | |
