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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3660 Canada Rd Lakeland, TN 38002-8076

    • Grocery and convenience stores
    • 1,980 SF
    • 0.88 lot acres
    OFF-MARKET
    Value Estimations
    $220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3534544
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shell / Gas Station / Atm
    • American Travel Center / Convenience Store / Atm
    • ATM / Atm
    • Food Mart / Convenience Store

    Property Details for 3660 Canada Rd

    Year built
    1971
    Lot size
    0.88 lot acres
    Property size
    1,980 SF
    Zone code
    C-2
    Property type
    Grocery and convenience stores
    APN
    L01-59 - - -00120
    APU
    L015900120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $205,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $229,000
      Market price range: $152k - $348k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $175,000
      Current use
      MEDICAL BUILDING
      $295,000
      Change: +66% Conversion: Difficult
      OFFICE BUILDING
      $235,000
      Change: +34% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $200,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $180,000
      Change: +1% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7373
    Latitude
    35.2253
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,887
    $92,320
    $40,560
    $132,880
    -
    $230,800
    $101,400
    $332,200

    Comparable in this City

    • Value Estimation by Request

      Sec Of Airline Rd & Milton Wilson Blvd

      Lifestyle centers
      0 Sec Of Airline Rd & Milton Wilson Blvd, Arlington, TN 38002
      View Details
    • Value Estimation
      $315,000
      7,552 SF

      5847 Airline Rd

      CONVENIENCE STORE • 7,552 SF
      5847 Airline Rd, Arlington, TN 38002-1214
      View Details
    • Value Estimation
      $820,000
      1.52 Acres

      11972 Arlington Trl

      CONVENIENCE STORE • 1.52 Acres
      11972 Arlington Trl, Arlington, TN 38002-8605
      View Details
    • Value Estimation
      $320,000
      4,050 SF

      6115 Airline Rd

      CONVENIENCE STORE • 4,050 SF
      6115 Airline Rd, Arlington, TN 38002-9879
      View Details
    • Value Estimation
      $355,000
      8,774 SF

      4935 Airline Rd

      CONVENIENCE STORE • 8,774 SF
      4935 Airline Rd, Arlington, TN 38002-5067
      View Details
    • Value Estimation
      $1,035,000
      3,340 SF

      11017 Hwy 70

      CONVENIENCE STORE • 3,340 SF
      11017 Hwy 70, Arlington, TN 38002-8066
      View Details

    Similar Nearby for Sale

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      1,459 SF

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      Retail space with great visibility in a growing Lakeland area.
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      2,000 SF

      Arlington TN Hwy 70 Redevelopment

      1.86-acre mixed-use property, vacant, redevelopment opportunity.
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      New Retail Spaces on Hwy 64

      New retail/office suites available in high-traffic Memphis location.
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      1.88 Acres

      Arlington Trail Development Opportunity

      Prime 4-acre corner lot, I-40 & Airline.
      12036 Arlington Trl, Arlington, TN 38002
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      1.28 Acres

      Lakeland Mixed-Use Development

      Prime TN location, retail & medical space.
      0 Canada Rd, Lakeland, TN 38002
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    Similar Nearby for Lease

    • Contact for pricing
      2 SF

      Arlington Village Retail Center

      High-growth area, Kroger-anchored center
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      1,503 SF

      Retail Space For Lease

      Retail spaces available in Lakeland, TN, near I-40.
      3304 Canada Rd, Lakeland, TN 38002
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      Retail Building Near Arlington High

      Multi-tenant retail building near school and future Kroger.
      11830 Milton Wilson Dr, Arlington, TN 38002
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    • Contact for pricing
      3,600 SF

      Arlington Retail Space Available

      Retail space available for lease in Arlington, Tennessee.
      5062 Milton Wilson Blvd, Arlington, TN 38002
      View Details
    • Contact for pricing

      Arlington Retail Space For Lease

      Retail building with drive-thru potential in Arlington, Tennessee.
      Retail Milton Wilson Dr, Arlington, TN 38002
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    • Contact for pricing
      2,400 SF

      New Retail Space in Arlington

      New 22,885 SF shopping center with excellent visibility.
      5291 Airline Rd, Arlington, TN 38002
      View Details
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    3660 Canada Rd
    Lakeland, TN 38002-8076
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    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
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