Feedmill Camrose 4919 47 St 18,000 SF 100% Leased Flex Building Camrose, AB T4V 1J9 $1,100,000 CAD ($61.11 CAD/SF) 7% Cap Rate

Prime Value-Add Commercial Investment Opportunity – Camrose, Alberta
CAPITALIZATION RATE 7% - 14% WITH ADDITIONAL SPACE
An exceptional value-add commercial investment located in the heart of Camrose, Alberta, featuring a well-maintained Two-storey building anchored by The Marrow Restaurant & Lounge, a highly regarded upscale dining establishment and strong destination tenant.
The property is currently leased on a triple-net basis and produces a solid 7% capitalization rate with the main floor tenant in place, offering immediate and stable cash flow.
The true upside lies in the development potential of the additional two floors, consisting of approximately 6,000 square feet across the second floor and basement. These levels are well suited for a variety of uses (office, professional services, retail, or complementary hospitality concepts), providing a clear path for a new owner to significantly increase income. For Example:
Existing Lease $13 a sq ft x 6000 sq ft = $78,000 base rent divided by $1.1 Million for building = 7% Cap Rate
Develop the following space
Top Floor @ $8.00 sq ft x 6000 sq ft = $48,000
Basement @ $6.00 sq ft x 6000 sq ft = $36,000
Total potential revenue base rent $162,000 = 14.7% Capitalization rate.
Lots of power on site for Data Center's 800 AMP & 600 Volt.
With full development and lease-up of the additional space, there is a strong opportunity to substantially increase net operating income and potentially double the capitalization rate, making this an ideal acquisition for investors seeking both income stability and long-term growth.
Highlights:
Two-storey commercial building with Full Basement Ceiling Height 9'4"
Anchor tenant: The Marrow Restaurant & Lounge (upscale, well-established)
Triple-net lease with current 7% cap rate
Significant value-add and income-growth potential
Prime Camrose location
A rare opportunity to acquire a stabilized asset with immediate cash flow and exceptional upside. I have attached as well a business plan for a Banquet Facility in the second story.