Calgary · East Shepard Industrial
12204 40 Street SE
12204 40 Street SE is a commercial property in East Shepard Industrial, Calgary, built in 2004 on a 99,399 sq ft lot. The City of Calgary assessed it at $6,000,000 for 2026, +22.7% over 3 years.
$6,000,000
2026 assessed value
Change in assessed value
- 3 years+22.7%
- 5 years+19.3%
- 10 years+8.5%
- 20 years+163.2%
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
- $5,740,000
- Year built
- 2004
- Lot size
- 99,399 sq ft
- Zoning
- I-G
- City use code
- I103
Permits (21)
- Demo / Office and Warehouse Interior AlterationBuilding permit · Sep 2025 · est. $50,000 · issued · BP2025-12212
- Interior Renovation - Alberta Mountain Air Heating & Air ConditioningBuilding permit · Sep 2019 · est. $34,000 · completed · BP2019-12177
- Interior AlterationsBuilding permit · Jun 2018 · est. $48,000 · completed · BP2018-06817
- Change of use: general industrial - lightDevelopment permit · May 2018 · approved · DP2018-2565
- Change of use: general industrial - lightDevelopment permit · Jan 2017 · approved, lapsed · DP2017-0120
From the City of Calgary's open data, up to Oct 2026. The map lists every one. Costs are the applicant's estimate.
Along 40 Street SE
- 12138 40 Street SE$4.81M
- 12175 40 Street SE$3.70M
- 12203 40 Street SE$5.56M
- 12281 40 Street SE$3.19M
- 12345 40 Street SE$61.58M
- 12450 40 Street SE$5.50M
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.