Caroline is a small Clearwater County hamlet on Hwy 54, serving the Caroline gas field and agricultural communities between Innisfail and Rocky Mountain House.

Submarket	Asset Class	Vacancy	Net Rent	Cap Rate
Main Street	Commercial	8–15%	$6–10/sf	10.5–12.5%
Hwy 54 Strip	Commercial	8–15%	$6–10/sf	10.5–12.5%
Gas Field Industrial	Commercial	8–15%	$6–10/sf	10.5–12.5%

Other Alberta Markets

Innisfail

40km east.

Rocky Mountain House

35km west.

All Alberta

Commercial real estate across Alberta.

Further Reading → Alberta Commercial Real Estate Cap Rates 2025 → Alberta Has No Provincial Income Tax — What It Means for Investors → Why Investors Are Moving to Alberta

Caroline Commercial Real Estate FAQ

Frequently Asked Questions — Caroline

What are cap rates in Caroline?

Caroline 2025 cap rates: 10.5–12.5%. No provincial income tax in Alberta. Contact Canada's Home Commercial for listings.

What drives Caroline's economy?

Caroline is a small Clearwater County hamlet on Hwy 54, serving the Caroline gas field and agricultural communities between Innisfail and Rocky Mountain House.

How do I find commercial space in Caroline?

Ready to Find Commercial Space in Caroline?

Industrial, office, retail or investment — our team covers every Caroline submarket.

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Caroline Neighbourhoods & Districts

Caroline Main Street Downtown Caroline Highway 54 Caroline Industrial Caroline North Caroline Rocky Mountain House Junction South Caroline Sundre Corridor

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