Calgary · East Shepard Industrial
12498 40 Street SE
12498 40 Street SE is a commercial property in East Shepard Industrial, Calgary on a 206,098 sq ft lot. The City of Calgary assessed it at $3,700,000 for 2026, +6.9% over 3 years.
$3,700,000
2026 assessed value
Change in assessed value
- 3 years+6.9%
- 5 years+7.6%
- 10 years+17.1%
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
- $3,550,000
- Lot size
- 206,098 sq ft
- Zoning
- I-G
- City use code
- A006
Permits (4)
- Change of use: vehicle storage - passengerDevelopment permit · Feb 2010 · approved · DP2009-4159
- : auto service - major, vehicle storage - passengerDevelopment permit · Jan 2008 · inactive · DP2008-0249
- New Office/WarehouseBuilding permit · Aug 2005 · est. $800,000 · completed · BP2005-09354
- Warehouse/office building and signageDevelopment permit · Apr 2005 · approved · DP2005-0699
From the City of Calgary's open data, up to Oct 2026. Costs are the applicant's estimate.
Along 40 Street SE
- 12281 40 Street SE$3.19M
- 12345 40 Street SE$61.58M
- 12450 40 Street SE$5.50M
- 12603 40 Street SE$2.52M
- 12735 40 Street SE$3.10M
- 12815 40 Street SE$2.13M
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.