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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$299,900
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
979 sq ft free standing building located on a very busy street in the Village of Thorsby. Parking is located in the front of the building. It is a modular on a cement foundation with crawl space and is wheelchair accessible. Building has a front reception area, large main display area, separate lunch room and a 2 piece bathroom. No natural gas, all electric heat. Central air conditioning. Renovations done in 2005. Building is in good condition and could be used as office for rental business or rented out. Approximate age of modular is 2000. 16 unit mini storage bays (4- 10x30, 2- 10x20, 8- 10x15, 2-10x10) All units are currently rented out and provide $2420 per month in income. 3010 sq. ft. of building space. Fenced yard. Zoned DC. A second building can be constructed from the materials included on site. (id:39198)
Location
Province
Alberta
City
Thorsby
Address
4904 & 4908 50 Ave
Postal Code
T0C2P0
Location Highlights
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Listed by
RE/MAX Real Estate 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
979
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
$299,900
Asking Price
$299,900
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)
979
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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