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    4115 Canada Rd Lakeland, TN 38002
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    Property profile & analytics

    4115 Canada Rd, Lakeland, TN 38002

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    • Residential land & home lots
    Off-Market
    Property ID
    US80-1398662
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 4115 Canada Rd

    Property type
    Residential land & home lots

    Description

    An excellent in-fill opportunity in an established neighborhood of Lakeland, Tennessee. This parcel is currently zoned AG, has a lovely small pond on it and will best function as a large single-family home's lot. This area is seeing an excellent resurgence in interest and value because of its proximity to The Lake District, a multi-use development which is currently in latter phase of development and set to go on line 2021-2022.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.7456074
    Latitude
    35.2381893

    Comparable in this City

    • $99,900
      1.15 Acres

      Residential Lot in Cloisters Subdivision

      Coved lot backing to nature trails and pond.
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    • $154,900
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      A wooded acre suitable for residential construction in Arlington, TN.
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    • $695,000
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      Residential Land in Lakeland, TN

      Treed acreage ideal for custom home or subdivision.
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    • $519,900
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      Arlington, TN Land Opportunity

      Land available for residential development in Arlington, Tennessee.
      Milton Wilson Dr, Arlington, TN 38002
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    • New
      $355,000
      2.40 Acres

      Arlington, TN Versatile Land

      2.4 acres suitable for residential or commercial development.
      Milton Wilson Dr, Arlington, TN 38002
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    Similar Nearby for Sale

    • $99,900
      1.15 Acres

      Residential Lot in Cloisters Subdivision

      Coved lot backing to nature trails and pond.
      Riversedge Cv, Arlington, TN 38002
      View Details
    • $154,900
      1.00 Acre

      Residential Acre in Arlington, TN

      A wooded acre suitable for residential construction in Arlington, TN.
      Chester St, Arlington, TN 38002
      View Details
    • $695,000
      24.77 Acres

      Residential Land in Lakeland, TN

      Treed acreage ideal for custom home or subdivision.
      9275 Memphis-Arlington, Lakeland, TN 38002
      View Details
    • $519,900
      4.40 Acres

      Arlington, TN Land Opportunity

      Land available for residential development in Arlington, Tennessee.
      Milton Wilson Dr, Arlington, TN 38002
      View Details
    • New
      $355,000
      2.40 Acres

      Arlington, TN Versatile Land

      2.4 acres suitable for residential or commercial development.
      Milton Wilson Dr, Arlington, TN 38002
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease in Lakeland

      Three parcels available for lease in Lakeland, Tennessee.
      Canada Rd, Lakeland, TN 38002
      View Details
    • Contact for pricing

      Lakeland Commercial Land For Lease

      2.5 AC commercial land with development potential in Lakeland, TN.
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      2,143 SF

      Retail Space For Lease

      Retail spaces available in Lakeland, TN, near I-40.
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      Retail Development Near Kroger Marketplace

      New retail development at a busy intersection near Kroger.
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      35,000 SF

      Versatile Industrial Building with Refueling

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      115,000 SF

      Modern Warehouse with Cold Storage

      115,000 SF warehouse with modern features and cold storage.
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    4115 Canada Rd
    Lakeland, TN 38002
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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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