Calgary · East Shepard Industrial
12138 40 Street SE
12138 40 Street SE is a commercial property in East Shepard Industrial, Calgary, built in 2003 on a 117,889 sq ft lot. The City of Calgary assessed it at $4,810,000 for 2026, +20.9% over 3 years.
$4,810,000
2026 assessed value
Change in assessed value
- 3 years+20.9%
- 5 years+14.5%
- 10 years+14.3%
The change in the City's assessment of the same property, to 2026. Years before the building was finished or before a jump in its value are left out.
Facts
- Kind of property
- Commercial property
- 2025 assessed value
- $4,570,000
- Year built
- 2003
- Lot size
- 117,889 sq ft
- Zoning
- I-G
- City use code
- I102
Permits (3)
- Change of use: general industrial - lightDevelopment permit · May 2021 · approved · DP2021-3604
- New Industrial BuildingBuilding permit · Jan 2003 · est. $875,000 · completed · BP2002-14560
- Manufacturing and commercial vehicle repair, service and rental.Development permit · Sep 2002 · approved · DP2002-2472
From the City of Calgary's open data, up to Oct 2026. Costs are the applicant's estimate.
Along 40 Street SE
- 11979 40 Street SE$14.26M
- 12110 40 Street SE$4.90M
- 12111 40 Street SE$12.58M
- 12175 40 Street SE$3.70M
- 12203 40 Street SE$5.56M
- 12204 40 Street SE$6.00M
From the City of Calgary's open assessment data. An assessment is the City's estimate of market value on July 1, 2025, for property tax; it is not a sale price. The map also shows building permits, legal suites and homes for sale or rent.