Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    607 - 751 Old Wilmington Road Wallace, NC 28466

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    54 acre industrial center for lease in Duplin County.

    Type:Industrial
    Lot size:
    54.00 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 26 at 12:38 am

    Property Features for 607 - 751 Old Wilmington Road

    General Information

    Standard status
    Active
    Lot size
    54.00 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1951

    Spaces For Lease

    at 607 - 751 Old Wilmington Road Contact us

    We can help!

    Listing Contact
    Frank Efird Jr
    Frank Efird Jr

    Listing agent Frank Efird Jr License #NC #106541

    Listing office SVN Efird Commercial Real Estate

    Listing date Jan 27, 2026

    Source Svnefird

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

    All listing content including descriptions, pricing, images are the copyrighted material of SVN Efird Commercial Real Estate

    Overview

    Duplin County Industrial Center For Lease

    Located in Duplin County, this 54-acre industrial center is available for lease. It is suitable for warehouse, distribution, manufacturing, lay down yards, and office purposes. The property is situated approximately 3 miles and 2 truck turns from Interstate 40. It benefits from its location within Foreign-Trade Zone #214 and a HUB Zone. The property features ceiling heights ranging from 18 to 30 feet and includes more than 16 dock-high doors. The location is bisected by the CSX Railroad. Wilmington International Airport is located 39 miles away. Other nearby locations include: RDU International Airport (100 miles), NC Global Transpark (56 Miles), Interstate I-95 Benson NC (58 miles), Albert J. Ellis Airport Jacksonville NC (28 miles), Camp Lejeune MCAS, Jacksonville NC (45 miles), Fort Bragg US Army, Fayetteville NC (67 miles), Seymour Johnson AFB, Goldsboro NC (55 miles), and the Port of Wilmington (44 miles).
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Wallace
    County
    Duplin
    State
    North Carolina
    Longitude
    -77.9877
    Latitude
    34.7326

    Nearby Similar for Lease

    • $5/mo

      Wallace NC Industrial Center

      Industrial center in Foreign-Trade Zone with excellent transportation infrastructure.
      601-615 Old Wilmington Road, Wallace, NC
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Retail, office, flex warehouse, and self-storage spaces for lease.
      715 N Norwood Street, Wallace, NC 28466
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available for rent with future availability dates.
      5680 S NC 41 Highway | Wallace, NC 28466, NC 28466
      View Details
    • Contact for pricing

      Retail Space in Wallace Corridor

      Retail space in Food Lion anchored shopping center for lease.
      5680 Old Nc 41 Hwy, Wallace, NC
      View Details
    • $10/mo

      Wallace Retail & Office Spaces

      Retail, office, flex warehouse, and RV parking spaces available for rent.
      715-805 N Norwood St, Wallace, NC
      View Details

    FAQs

    What type of property is this?
    Specialty property - 54 acre industrial center for lease in Duplin County.
    Where is this specialty property located?
    The property is located at 607 - 751 Old Wilmington Road Wallace, NC.
    What are key features of this property?
    This property features: Strategic location: **just 3 miles and 2 truck turns from Interstate 40**, placing two‑thirds of the U.S. population within a day's trucking distance.; Located in Foreign‑Trade Zone #214, offering potential benefits for international trade businesses.; Transportation infrastructure: CSX Railroad bisects Duplin County, providing rail transport options.
    (910) 200-0037
    We can help!
    Listing Contact
    Frank Efird Jr
    Frank Efird Jr
    Real Estate License ID: NC #106541
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!