Property profile

715 Norwood St Wallace, NC 28466

OFF-MARKET
Warehouses
66,000 SF 7.59 ac lot Built 1991
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Property summary

AI-generated overview

This 66,000 square foot, single-story Wallace, NC shopping center offers flexible spaces ranging from 1,500 to 66,000 contiguous square feet, perfect for retail, medical office, or warehouse use. Built in 1991 and renovated in 2024, the Class C property features 16-foot ceilings, two dock-high doors, and ample parking (250 spaces). Located on a 7.59-acre lot with 250 feet of frontage on North Norwood Street, near the intersection with Lanier Street, this property boasts a prime location on US Highway 117, a high-traffic commercial corridor with over 11,000 daily vehicles. The center is anchored by Ollie's Bargain Outlet and includes other established tenants such as Hardee's, KFC, and GoGas. Additional amenities include conditioned self-storage, RV parking, and lay-down yards. The property's zoning is Commercial (APN: 330613131065, Duplin County). Nearby businesses include Truist Bank, Farmers Home Furniture, Tractor Supply Company, and many more, ensuring high visibility and foot traffic. Currently, the entire 66,000 square feet is available for lease.

Property profile

Verified
Property type Warehouses
Year built 1991
Total area 66,000 SF
Lot 7.59 ac (330,620 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm

Location

715 Norwood St Wallace, NC 28466
Wallace metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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