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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$399,900
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
Exceptional Commercial Office Space in Central Westlock. Set on a rare 0.69-acre lot in the heart of Westlock, this unique commercial property offers unmatched space, charm, and professional potential. Formerly a private residence, it’s been carefully converted into a warm, functional office—perfect for healthcare, legal, financial, or creative businesses. The expansive lot (45.24m x 61.57m) is a true standout, providing room for future expansion, generous parking, and a professional presence with real impact. A private driveway, double detached garage, and upgraded exterior finishes enhance both function and curb appeal. Inside, the layout includes multiple private offices, a welcoming reception area, a meeting room, and a full 4-piece bathroom. Beautiful hardwood floors add character throughout the main level, while a finished basement offers additional workspace or storage. With a prime central location, flexible layout, and one of the largest commercial lots in the area, this is a rare opportunity. (id:39198)
Location
Province
Alberta
City
Westlock
Address
104
Postal Code
T7P1L3
Location Highlights
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Listed by
RE/MAX Professionals 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
944
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
$399,900
Asking Price
$399,900
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)
944
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
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