601 Old Wilmington Rd Wallace, NC 28466
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.