NewFor Sale

7605 Henderson Way
Out of Area, Canada, AB, T4L 0K7

Commercial Retail
TRREB
MLS® Number: X13712678

MaxWell Privé

Listing brokerage
$4,800,000List Price
Commercial RetailProperty Type
2 acresSize
$35,000 / 2025Taxes (Annual)
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Property Location

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Listing History

Buy/sell history for 7605 Henderson Way, Out of Area, AB T4L 0K7

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0 Transactions by CPRB Agents

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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.

Features

No features available

Amenities

No amenities available

Summary

Tax (Annual):$35,000 / 2025
Listing #:X13712678
Property Type:Commercial Retail
Size:2 acres
Land Size:66.05 x 77.81
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:MaxWell Privé

Details

Property

Property Type:Commercial Retail
Municipality:Canada

Building

Size:2 acres

Inside

Bedrooms:0
Bathrooms:0
Kitchens:0
Family Room:No

Parking

Garage Type:None
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Closed

Land

Cross Street:HWY 2 and HWY 12 Over Pass

$4,800,000

List price

7605 Henderson Way, Out of Area – Commercial Retail for sale · MLS® # X13712678