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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,800,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
**The site is permit-ready for the development of 77 townhomes with full construction plans and a development permit in place** Multifamily Development Land! 4.35 acres (3.91 net developable) zoned R2 (med. density), this is a prime location in the City of Red Deer! The Red Deer market is in need of two things; affordable housing and new rental accommodation, this site can serve one or both of these categories. Well located in S.E. Red Deer in a new growth area that provides all essential services, schools, shopping, trail systems, and the largest recreation center in Red Deer. This is an area where people prefer to live. (id:39198)
Location
Province
Alberta
City
Red Deer
Address
2 2660 22 Street
Postal Code
T4R0K8
Location Highlights
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Listed by
Royal Lepage Network Realty Corp. Alberta listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$3,800,000
Asking Price
$3,800,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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