Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakeland, TN Retail Land Title is generated by Realmo AI

    CANADA Rd lot Pt 2, Lakeland, TN 38002

    View on Map
    Claim this Listing
    For Sale
    $750,000

    LAND - Lakeland, TN

    Lot size:
    0.92 Acres
    Added:
    Jan 16, 2026
    Days on Market:
    133
    Last Refresh:
    May 29 at 11:06 pm

    Property Features for CANADA Rd lot Pt 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Comm
    Standard status
    Active
    Lot size
    0.92 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2334

    We can help!

    Listing Contact
    Nataraja Krishnaraju

    Listing agent Nataraja Krishnaraju

    Listing office Crye-Leike, Inc., REALTORS 435 New Byhalia Rd, Collierville, TN

    Listing date Jan 16, 2026

    MLS# 10212997 Listing URL

    Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approved for convenient store use.
    • Excellent retail lot.
    • Adjacent to State Farm.
    • Near Hwy 40 exit.
    • Close to Canada Road Junction.
    • Location coordinates: [-89.7133,35.2693]

    Overview

    This 0.92-acre commercial land is an approved lot suitable for retail or a convenience store. It is located adjacent to a State Farm office and near the Highway 40 exit at the Canada Road junction in Lakeland, Tennessee.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lakeland
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7133
    Latitude
    35.2693

    Nearby Similar for Sale

    • $475,000

      Waterfront Lot in Gated Community

      Premium waterfront lot with private boat slip and lake access.
      9952 LOCH LUCERNE Pt lot: 22, Lakeland, TN 38002
      View Details
    • $137,500

      Residential Land in Herons Ridge

      Corner lot in established Lakeland neighborhood, ideal for building.
      10267 GRAY HERON Ln lot: 202, Lakeland, TN 38002
      View Details
    • Contact for pricing

      Lakeland Town Center Retail Space

      Cutting-edge shopping center in a rapidly growing market.
      4895 Seed Tick Road, Lakeland, TN 38002
      View Details
    • $194,990

      Lakeland, TN Land Opportunity

      Land in Garner Lake Community, Lakeland. Build your dream home.
      4158 WHITE CEDAR Cv lot: 144, Lakeland, TN 38002
      View Details
    • $820,000

      Lakeland TN Commercial Land Opportunity

      Almost 10 acres of commercial land in prime Lakeland location.
      US 64 Hwy, Lakeland, TN 38002
      View Details
    • $820,000

      Lakeland TN Land Opportunity

      9.8 acres of commercial land in Lakeland, Tennessee.
      US 64 Hwy, Lakeland, TN 38002
      View Details
    • $299,000

      Lakeland TN Land with Lakeview

      9.84 acre residential lot with lake view in Lakeland.
      9640 LOU-JAN Cswy, Lakeland, TN 38002
      View Details
    • Contact for pricing

      Lakeland Town Center Phase II

      Cutting-edge shopping center in the growing Lakeland market.
      4895 Seed Tick Road, Lakeland, TN 38002
      View Details
    • $199,900

      Lakeland, TN Land For Sale

      5 acre residential land in Lakeland, Tennessee.
      W STEWART Rd, Lakeland, TN 38002
      View Details
    • $6,000,000
      70 SF

      Development Parcel on State Route

      70-acre commercial land with extensive frontage on major highways.
      Arlington, TN 38028
      View Details
    • $738,000

      Lakeland TN Development Opportunity

      Approximately 50-acre property in Lakeland's growth corridor.
      10583 US 70 Hwy, Lakeland, TN 38002
      View Details
    • $375,000

      Lakeland Commercial Land Opportunity

      4.49 acres of commercial land in prime Lakeland location.
      US 64 Hwy, Lakeland, TN 38002
      View Details

    FAQs

    What type of property is this?
    Commercial land - Retail and convenience store lot near Canada Road junction.
    Where is this commercial land located?
    The property is located at CANADA Rd lot Pt 2 Lakeland, TN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Approved for convenient store use.; Excellent retail lot.; Adjacent to State Farm.
    (901) 626-7995
    We can help!
    Listing Contact
    Nataraja Krishnaraju
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    CANADA Rd lot: Pt 2, Lakeland, TN 38002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!