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35, 32580 RANGE ROAD 11
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Exceptional opportunity to acquire a newly constructed industrial investment property in the growing commercial hub of Netook Crossing, strategically located along the Highway 2 corridor near Olds, Alberta. Offering excellent accessibility between Calgary and Red Deer, this location continues to attract a diverse mix of industrial, service, and commercial users.Constructed with durable steel and concrete materials for long-term performance and low maintenance, the property features a 16,200 sq. ft. industrial building comprised of nine 1,800 sq. ft. bays. Each bay is equipped with a 16' x 16' overhead door and access to a fully fenced and secured yard area, providing flexibility for a wide range of industrial and commercial operations.The property is currently fully leased under Triple Net lease agreements with an average base rental rate of $19.66 per square foot, generating strong and stable income. At the current asking price, the investment offers an attractive 10.99% capitalization rate, further enhanced by Mountain View County's business-friendly environment and comparatively low property taxes.A unique feature of this offering is the upcoming availability of six contiguous bays, totaling approximately 10,800 sq. ft., becoming available in September. This creates a rare opportunity for an owner-operator to occupy a significant portion of the building while maintaining income from the remaining leased bays. Alternatively, investors may reposition and lease the available space at market rates to further enhance future returns.Whether you are seeking immediate cash flow, long-term appreciation, or a combination of investment income and owner-user occupancy, this property offers exceptional flexibility and strong upside potential in one of Central Alberta's emerging industrial growth corridors. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.23%
Cap rate
3.62%
GRM
16.7
Break-even rent
$18,219
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 11, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.