Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wallace, NC Land Opportunity Title is generated by Realmo AI

    Country Club Drive lot 11 12 15, Wallace, NC 28466

    View on Map
    Claim this Listing
    For Sale
    $165,000

    LAND - Wallace, NC

    Lot size:
    4.63 Acres
    Added:
    Apr 12, 2026
    Days on Market:
    46
    Last Refresh:
    May 27 at 11:06 pm

    Property Features for Country Club Drive lot 11 12 15

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    10- 17--, 10-18--, 10- 25--
    Lot size
    4.63 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    10- 17--, 10- 18--, 10- 25--

    We can help!

    Listing Contact
    Hanover Realty Group

    Listing agent Hanover Realty Group

    Listing office Keller Williams Innovate-Wilmington 1001 Military Cutoff Suite 101, Wilmington, NC

    Listing date Apr 12, 2026

    MLS# 100566576 Listing URL

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 4.5 acres of land across three parcels
    • Prime investment or development opportunity
    • Strategically located near Wilmington, Camp Lejeune, and Raleigh
    • Benefits from steady regional growth
    • Proximity to beaches, golf courses, and historic destinations
    • Potential for subdivision or rental development

    Overview

    Three separate parcels, totaling over 4.5 acres, offer an investment or development opportunity in a growing tri-county region. The property is located approximately 35 miles from Wilmington, 45 miles from Camp Lejeune Main Gate, and 95 miles from Raleigh. The acreage offers potential for subdivision, rental development, or long-term land appreciation. Nearby attractions include beaches, golf courses, and historic destinations.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Wallace
    County
    Duplin
    State
    North Carolina
    Longitude
    -78.049671
    Latitude
    34.737879

    Nearby Similar for Sale

    • $500,000

      Prime Commercial Land For Sale

      High-visibility 1-acre commercial land near I-40 in Wallace, NC.
      5572 S Nc 41 Highway, Wallace, NC 28466
      View Details
    • $450,000
      2,800 SF

      Wallace Commercial Opportunity with RV Park

      Commercial building and RV park with expansion potential in Wallace.
      4509 Carolina 41, Wallace, NC 28466
      View Details
    • $35,000

      Residential Land in Gated Community

      Land for sale in River Landing gated community, Wallace, NC.
      198 Cellars Way lot: 32, Wallace, NC 28466
      View Details
    • $50,000

      Wooded Homesite Near Wallace School

      One-acre homesite near new elementary school and commercial area.
      Washington Circle lot: 9, Wallace, NC 28466
      View Details
    • $261,400

      Expansive Wallace Land Parcel

      Large 63.8+/- acre parcel in Wallace, NC for sale.
      8605 S Nc 41 Highway, Wallace, NC 28466
      View Details
    • $399,000
      4,800 SF

      Spacious Warehouse on Large Lot

      4,800 SF warehouse on 3.6 acres near I-40.
      196 Southpark, Wallace, NC 28466
      View Details
    • $28,000

      Land in Gated Golf Community

      Homesite in River Landing, Wallace's premier gated golf community.
      210 Cedar Point Drive, Wallace, NC 28466
      View Details
    • $435,000

      Wallace, NC Riverfront Woodland

      144 acres of woodland bordering the Northeast Cape Fear River.
      Stokestown Road, Wallace, NC 28466
      View Details
    • $49,000

      Pond-Front Homesite in Gated Community

      0.58-acre pond-front homesite in River Landing golf community.
      136 Sugar Maple Court lot: 346R, Wallace, NC 28466
      View Details
    • $28,500

      River Landing Homesite Opportunity

      0.30-acre homesite in River Landing golf community.
      116 Magnolia Bay Lane lot: 402, Wallace, NC 28466
      View Details
    • $42,500

      Homesite in Gated Golf Community

      0.37 acre homesite in River Landing golf community.
      140 E Winding Way lot: 899, Wallace, NC 28466
      View Details
    • $39,000

      Water View Homesite in Wallace

      Homesite with water views in River Landing community.
      120 Legacy Point lot: 809, Wallace, NC 28466
      View Details

    FAQs

    What type of property is this?
    Commercial land - Three parcels totaling 4.63 acres in a growing region.
    Where is this commercial land located?
    The property is located at Country Club Drive lot 11 12 15 Wallace, NC.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Over 4.5 acres of land across three parcels; Prime investment or development opportunity; Strategically located near Wilmington, Camp Lejeune, and Raleigh
    (910) 538-5577
    We can help!
    Listing Contact
    Hanover Realty Group
    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
    Country Club Drive lot: 11, 12, 15, Wallace, NC 28466
    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!