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    724 NE Railroad St Wallace, NC 28466

    For Lease
    $1,750 /Mo

    Outparcel zoned for Highway Business with road frontage.

    Property size:
    1 SF
    Lot size:
    1.00 Acre

    Property Features for 724 NE Railroad St

    General Information

    Size
    1 SF
    Lot size
    1.00 Acre

    Source: Bryce Miller Agent Bryce Miller

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

    Overview

    US Hwy 117 Outparcel

    This commercial land is an outparcel zoned for Highway Business. It is one of two available outparcels located on the rear of Wallace Crossing Shopping Center. The property features road frontage on NE Railroad Street, which runs perpendicular to US Hwy 117. Situated in the Town of Wallace US Hwy 117 Commercial Corridor within Duplin County and the Wilmington NC MSA, the property is located 0.5 miles from the Main Street District & NC Hwy 41, 0.7 miles from NC Hwy 11, and 3 miles from Interstate 40. It is also 40 miles from ILM International Airport & Historic Downtown Wilmington. The property size is 1 acre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Auto Repair Shop Hair Salon Hotel & Motel Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wallace
    County
    Duplin
    State
    North Carolina
    Longitude
    -77.9922232
    Latitude
    34.7225119

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    FAQs

    What type of property is this?
    Commercial land - Outparcel zoned for Highway Business with road frontage.
    Where is this commercial land located?
    The property is located at 724 NE Railroad St Wallace, NC.
    What is the lease rate?
    The lease rate is $21,000.
    What are key features of this property?
    This property features: - Zoned Highway Business; - **Prominent road frontage on NE Railroad St**; - Located on US Hwy 117 Commercial Corridor
    (410) 603-2600
    Request Owner's contact information
    724 NE Railroad St Wallace, NC 28466
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    Realmo Value Estimation

    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.

    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.

    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
    724 NE Railroad St Wallace, NC 28466
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