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    167 E Lanier St Wallace, NC 28466

    For Lease
    $1,500 /Mo

    Outparcel on US Hwy 117 in Wallace Crossing Shopping Center.

    Property size:
    1 SF
    Lot size:
    1.00 Acre

    Property Features for 167 E Lanier St

    General Information

    Size
    1 SF
    Lot size
    1.00 Acre

    Building Details

    Year built
    1991

    Source: Bryce Miller Agent Bryce Miller

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

    Overview

    Highway Business Outparcel for Rent

    This outparcel is located on US Hwy 117 within the Wallace Crossing Shopping Center and is zoned for Highway Business. The shopping center is anchored by Ollie’s Bargain Outlet and includes KFC, Hardee's, and GOGAS #12. The property benefits from high visibility and a signalized intersection, bordered by N Norwood St, Lanier Street, and NE Railroad Street. It features a sidewalk surrounding the front section and access to dock-high doors. The location is situated along Wallace's US Hwy 117 commercial corridor, near Farmers Home Furniture, Tractor Supply, Builder’s Discount Center, CVS, Piggly Wiggly, and Dollar General. The daily traffic count exceeds 11,000 vehicles. The property is 0.5 miles from Wallace's Main Street District and NC Hwy 41, and 0.7 miles from NC Hwy 11. It is also 3 miles from Interstate 40 and 40 miles to ILM International Airport and Historic Downtown Wilmington. Duplin County is part of the Wilmington NC MSA.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallace
    County
    Duplin
    State
    North Carolina
    Longitude
    -77.066311
    Latitude
    35.849898

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    FAQs

    What type of property is this?
    Commercial land - Outparcel on US Hwy 117 in Wallace Crossing Shopping Center.
    Where is this commercial land located?
    The property is located at 167 E Lanier St Wallace, NC.
    What is the lease rate?
    The lease rate is $18,000 /Mo.
    What are key features of this property?
    This property features: - Zoned Highway Business on US Hwy 117 with high traffic count of 11,000+ daily.; - Outparcel directly attached to Wallace Crossing Shopping Center anchored by Ollie’s Bargain Outlet.; - Located in Wallace's US Hwy 117 commercial corridor with established businesses.
    (410) 603-2600
    Request Owner's contact information
    167 E Lanier St Wallace, NC 28466
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    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
    167 E Lanier St Wallace, NC 28466
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