Property profile

758 E Southerland Street - NC Hwy 41 | Wallace, NC 28466 Wallace, NC 28466

OFF-MARKET
Commercial land
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Property summary

AI-generated overview

The property is a 10.8-acre commercial development site in Wallace, North Carolina, consisting of two outparcels adjacent to a planned Royal Farms convenience store. It is located at the intersection of NC Highway 41 (E Southerland Street) and NC Highway 11 and features a lighted corner intersection along Wallace’s retail corridor, including proximity to established retail uses. Lot 1 totals approximately 2.0 acres with 278 feet of road frontage on NC Highway 41/E Southerland Street, and Lot 3 totals approximately 6.1 acres with 276 feet of frontage on NC Highway 11. The site is served by municipal water and sewer services and is approximately 2 miles from Interstate 40 Exits 385 & 384 and about 1 mile from Wallace Main Street. The property is part of a larger three-lot development as described in the “Two Farms Inc Recombination Plat.”

Property profile

Verified
Property type Commercial land

Cap rate & NOI

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

Location

758 E Southerland Street - NC Hwy 41 | Wallace, NC 28466 Wallace, NC 28466
Wallace metro
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Value estimations

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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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