Millrise Commercial Real Estate | Canada's Home Commercial

Available Properties

Village Strip Retail — Millrise Blvd SW

$26-$36 psf NNN

Neighbourhood-scale strip plaza units; food, health, and convenience tenants.

Retail

Medical / Professional Office — Millrise SW

$21-$29 psf NNN

Ground-floor and second-floor medical/professional suites with dedicated parking.

Office

Service Commercial — Millrise SW

$24-$34 psf NNN

Service commercial bays suitable for personal service, pet care, and allied health.

RetailOffice

Strip Plaza Investment — Millrise SW

$2.8M-$5.5M

4-8 unit strip plaza; stable local tenancy; 5.25-6.5% cap rate.

Retail

Multifamily Walk-Up — Millrise / Fisher Park

$2.5M-$4.8M

12-20 suite walk-up; steady rental demand from CTrain commuters.

Multifamily

Office Strata Unit — Millrise SW

$550K-$1.1M

Professional/medical strata; owner-user or investment lease-back.

Office

Submarket Areas

Fisher Park CTrain Station

The Fisher Park (Millrise) CTrain Red Line station anchors transit-oriented demand for nearby retail, service, and office tenants.

Millrise Strip Plazas

Neighbourhood strip plazas along Millrise Blvd SW offer affordable NNN leases for food, health, financial, and personal service tenants.

Medical Office Cluster

Medical and allied-health offices are clustered near the CTrain station and major arterials, serving the broad south suburban catchment.

Multifamily Residential

Walk-up apartment buildings in Millrise attract families and professionals; low vacancy sustained by CTrain commuter access.

Macleod Trail SW Corridor

Macleod Trail SW provides arterial retail and service commercial opportunities with high daily traffic volumes.

Village Retail Node

The compact Millrise village commercial area supports a mix of independent and national tenants in a walkable neighbourhood setting.

Cap Rate & NNN Reference — Millrise 2025

Asset Class	Cap Rate Range	Typical NNN (psf/yr)	Notes
Neighbourhood Strip Retail	5.25-6.5%	$26-$36	Transit-adjacent strips command slight premium
Medical / Professional Office	5.5-6.75%	$21-$29	Suburban medical demand; ample parking
Service Commercial	5.75-7.0%	$24-$34	Flexible CRU; personal service / allied health
Multifamily (Walk-Up)	4.75-5.5%	N/A	CTrain access sustains rental occupancy

Frequently Asked Questions

What commercial properties are available in Millrise?

Millrise offers neighbourhood strip retail ($26-$36 psf NNN), medical/professional office ($21-$29 psf NNN), and service commercial bays. Investment-grade strip plazas sell at $2.8M-$5.5M.

How does the Fisher Park CTrain station affect commercial values?

CTrain proximity increases foot traffic for food, service, and health tenants. Transit-oriented strip units typically achieve tighter cap rates and lower vacancy than purely auto-dependent locations.

What are cap rates for Millrise retail investment?

Neighbourhood strip retail in Millrise trades at 5.25-6.5% cap. Factors include lease term remaining, tenant covenant, and distance from the CTrain station.

Is multifamily in Millrise a good investment?

Millrise walk-up multifamily trades at 4.75-5.5% cap. Low vacancy, stable rents, and CTrain access make it a reliable income investment in Calgary's south suburban market.

How does Calgary's 2025 mill rate apply in Millrise?

The 2025 non-residential mill rate of $17.18/$1,000 assessed value applies to commercial properties. Medical and office properties often pass this through to tenants as part of NNN operating costs.

Ready to Invest in Millrise?

Canada's Home Commercial has deep expertise in Calgary's south suburban village retail and multifamily markets. Contact us for Millrise listings, cap rate analysis, and investment strategy.

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South Calgary Village Retail & CTrain Node Commercial Real Estate