Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    4002 S Nc 41 Hwy Wallace, NC 28466

    For Sale
    $250,000

    2+ acres with 10,000+ SF, ready for redevelopment.

    Lot size:
    2.37 Acres

    Property Features for 4002 S Nc 41 Hwy

    General Information

    Lot size
    2.37 Acres

    Building Details

    Year built
    1990

    Source: INTRACOASTAL REALTY CORP Agent BEATTY PITTMAN REAL ESTATE TEAM LLC

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

    Overview

    Redevelopment Opportunity in Wallace, NC

    This property presents a redevelopment opportunity on over 2 acres. The existing structure, formerly a nursing home and senior care facility, offers a solid structural shell with over 10,000 square feet. Additional outbuildings, a carport, and expansive porches are also present. The layout includes a reception area, multiple bedrooms with en-suite bathrooms, central hallways, a commercial kitchen, and laundry facilities. Flexible zoning and layout allow for conversion to multi-family units, climate-controlled self-storage, senior assisted living, or doggy day care. A build plan is in hand, along with 2 septic permits. The property was impacted by Hurricane Florence in 2018 but has since been stabilized and cleared for renovation, presenting an opportunity for income-generating redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Department Store Discount Store Pawn Shop Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallace
    County
    Duplin
    State
    North Carolina
    Longitude
    -77.8791343
    Latitude
    34.7907662

    Nearby Similar for Sale

    • $3,200,000
      14,820 SF

      Retail Property Near I-40

      Retail property for sale near I-40.
      5717 S 41 Hwy, Wallace, NC
      View Details

    FAQs

    What type of property is this?
    Assisted living facility - 2+ acres with 10,000+ SF, ready for redevelopment.
    Where is this assisted living facility located?
    The property is located at 4002 S Nc 41 Hwy Wallace, NC.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - High-potential investment opportunity with 2+ acres and 10,000+ SF in a growing region.; - Flexible zoning and layout suitable for multi-family units, self-storage, assisted living, or doggy day care.; - Existing structure includes multiple bedrooms with en-suite bathrooms, commercial kitchen, and laundry.
    Request Owner's contact information
    4002 S Nc 41 Hwy Wallace, NC 28466
    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.
    4002 S Nc 41 Hwy
    Wallace, NC 28466
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4002 S Nc 41 Hwy Wallace, NC 28466
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.