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Property profile & analytics
OFF-MARKET
Warehouses

601 Old Wilmington Rd Wallace, NC 28466

700,000 SF 54.36 ac lot Built 1951
Property ID
Property summary
AI-generated overview

This expansive 700,000-square-foot industrial facility, situated on 54.36 acres in Wallace, North Carolina, presents a significant investment opportunity. The single-story building, constructed in 1951 and renovated in 1971, offers a flexible layout suitable for various uses including warehouse, manufacturing, distribution, and R&D. Currently, 450,000 square feet is available, divisible into minimum 10,000-square-foot spaces, with a maximum contiguous space of 150,000 square feet. The property boasts 30-foot ceilings, 13 dock-high doors, 7 loading docks, 3 drive-ins, and ample parking for 450 vehicles. Conveniently located on 601 Old Wilmington Rd, with 2000 feet of frontage on NC 117 and near East Carter Street, this Class C property benefits from its strategic location within Foreign-Trade Zone #214. Its proximity to major transportation arteries, including CSX Railroad, the Port of Wilmington (44 miles), ILM International Airport (39 miles), and Interstates 40 and 95, ensures efficient logistics. Municipal water and sewer services are available, along with an internal road loop and truck courts. The property's zoning is Industrial, and its APN is #330500478561 / #330500488011. This location offers access to a substantial workforce, with over 54 million people within a 400-mile radius.

Property profile
Verified
Property type Warehouses
Year built 1951
Total area 700,000 SF
Lot 54.36 ac (2,367,922 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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