Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Canada Rd Lakeland, TN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2.5 AC commercial land with development potential in Lakeland, TN.

    Type:LAND
    Lot size:
    2.50 Acres
    Added:
    Aug 5, 2025
    Days on Market:
    265
    Last Refresh:
    Apr 5 at 10:36 pm

    Property Features for Canada Rd

    General Information

    Standard status
    Active
    Lot size
    2.50 Acres
    Property subtype
    LAND

    Spaces For Lease

    at Canada Rd Contact us

    We can help!

    Listing Contact
    Andrew Phillips
    Andrew Phillips

    Listing agent Andrew Phillips

    Listing office Colliers | Memphis

    Listing date Aug 5, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Memphis

    Overview

    Lakeland Commercial Land For Lease

    This 2.5± acre commercial land parcel is available for long-term ground lease. The current zoning (C-2) allows for a number of commercial uses including retail, restaurant, office and service-oriented businesses. The property has direct access to I-40. Lakeland is located directly adjacent to Memphis, Tennessee, and within a 20-minute drive to Ford’s Blue Oval City. The 100-acre "Ashmont" mixed-use development is underway directly across from the property, as is the 160-acre "Lake District" development. Approximately 90,000 square feet of retail space has been completed in the "Lake District". Lakeland’s population has almost doubled in the last 20 years, and its school system is one of 16 in Tennessee with an “Exemplary” designation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lakeland
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.734
    Latitude
    35.2067

    Nearby Similar for Lease

    • Contact for pricing

      Retail Building Near Arlington High

      Multi-tenant retail building near school and future Kroger.
      11830 Milton Wilson Dr, Arlington, TN 38002
      View Details
    • Contact for pricing

      Arlington Retail Space For Lease

      Retail building with drive-thru potential in Arlington, Tennessee.
      Milton Wilson Dr Retail, Arlington, TN 38002
      View Details
    • Contact for pricing

      Retail Center Near Arlington School

      New retail center with excellent visibility and access.
      Airline Rd & Milton Wilson Blvd, Arlington, TN 38002
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available in Lakeland, TN, near I-40.
      3304 Canada Rd, Lakeland, TN
      View Details
    • Contact for pricing

      Retail Space in Lakeland Development

      Retail space for lease in new mixed-use development.
      Hwy 70 & Seed Tick Rd, Lakeland, TN 38002
      View Details
    • Contact for pricing

      Retail or Office Space Available

      Retail or office space for lease in Lakeland, Tennessee.
      2981 Canada Rd, Lakeland, TN 38002
      View Details
    • Contact for pricing

      Retail Space with Drive-Through

      Retail space with drive-through in Lakeland, Tennessee.
      9833 Hwy 70, Lakeland, TN
      View Details
    • Contact for pricing

      Retail Space in Lakeland, TN

      Retail space available in a developing mixed-use community.
      4836 Village Lot Cove, Lakeland, TN
      View Details
    • Contact for pricing

      Retail Space Near Interstate 40

      Retail spaces available near I-40 and Canada Rd.
      9845 Lake District Dr, Lakeland, TN
      View Details
    • Contact for pricing

      Retail Space in Proposed Center

      Retail spaces for lease in proposed 34,125 SF shopping center.
      Milton Wilson Rd & Airline Rd, Arlington, TN
      View Details
    • Contact for pricing

      Retail Space in Proposed Center

      Proposed shopping center with retail and restaurant space for lease.
      Milton Wilson Dr & Airline Rd, Arlington, TN
      View Details
    • Contact for pricing

      Retail Space in Lakeland, Tennessee

      New retail development at Highway 70 and Seed Tick Rd.
      Hwy 70 & Seed Tick Rd, Lakeland, TN 38002
      View Details

    FAQs

    What type of property is this?
    Land - 2.5 AC commercial land with development potential in Lakeland, TN.
    Where is this land located?
    The property is located at Canada Rd Lakeland, TN.
    What are key features of this property?
    This property features: Direct access to I‑40.; Located within a 20‑minute drive to Ford’s Blue Oval City.; Situated directly across from the 100 AC “Ashmont” Mixed Use Development.
    (901) 289-6805 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Phillips
    Andrew Phillips
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!