Wallace, NC Commercial Real Estate for Lease and Sale

Explore 13 listings of Wallace commercial real estate to find the best space for your business.

Wallace Crossing Shopping Center

715 N Norwood Street, Wallace, NC
Property

Retail

66,000 SF
Availability

2 Spaces

74,500 SF
Year Built

1991
For Lease

$7.00 - $12.00/SF/YR
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Duplin County Industrial Center (DCIC)

607 - 751 Old Wilmington Road, Wallace, NC
Property

Industrial

700,000 SF
Availability

11 Spaces

619,280 SF
Year Built

1951
For Lease

$0.14 - $16,200.00/SF/YR
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S NC Hwy 41 & Tobacco Rd

S NC Hwy 41 & Tobacco Rd, Wallace, NC
Property

VacantLand
For Sale

Subject To Offer
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Royal Farms 2 Acre Outparcel NC Hwy 41 Wallace NC

740 NC-41, Wallace, NC
Property

VacantLand
For Sale

$550,000
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Royal Farms 6 Acre Outparcel NC Hwy 11 Wallace NC

4180 NC Hwy 11, Wallace, NC
Property

VacantLand
For Sale

$1,500,000
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S NC Hwy 41 & Tobacco Rd

S NC Hwy 41 & Tobacco Rd, Wallace, NC
Property

VacantLand
Availability

1 Space

49,658 SF
For Lease Contact for pricing
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7 lots in Wallace NC

North Carolina 41, Wallace, NC
Property

VacantLand
For Sale

$250,000
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Outparcel #1 - Wallace Crossing Shopping Center

723 North Norwood Street, Wallace, NC
Property

VacantLand
For Sale

$300,000
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1224 N Norwood St

1224 N Norwood St, Wallace, NC
Property

VacantLand

1.44 Acre
Availability

2 Spaces

1.44 Acre
For Lease

$5,000.00/MO
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Outparcel #1 - Wallace Crossing Shopping Center

723 North Norwood Street, Wallace, NC
Property

VacantLand
Availability

1 Space

65,340 SF
For Lease

$2,000.00/MO
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Outparcel #2 - Wallace Crossing Shopping Center

167 E Lanier Street, Wallace, NC
Property

VacantLand

66,000 SF
Availability

1 Space

43,560 SF
Year Built

1991
For Lease

$1,500.00/MO
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Hwy 11 at I-40

Hwy 11 at I-40, Wallace, NC
Property

VacantLand

5.97 Acre
For Sale Contact for pricing
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1224 N Norwood St

1224 N Norwood St, Wallace, NC
Property

Retail

83,338 SF
Availability

2 Spaces

30,581 SF
For Lease

$10.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Wallace commercial real estate market includes 83,338 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Wallace market, there is a total of 700,000 square feet of industrial property.
The listing inventory in Wallace incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Wallace is represented by Industrial space, which accounts for 619,280 square feet of available listings. Retail space available in Wallace adds up to 30,581 square feet.

Meanwhile, most of the listings of commercial property for sale in Wallace are in the Office category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
The average rent for commercial real estate space listed for lease in Wallace is $4.32 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Wallace can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Wallace, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $8 per square foot.
The average size of a commercial property in Wallace depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- Retail properties here incorporate an average of 83,338 square feet.
- Industrial space in Wallace is in buildings that are, on average 700,000 square feet in size.

Wallace, NC Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Wallace currently add up to 1,035,425 square feet. Local retail availability includes 30,581 square feet across 1 retail space(s). Industrial space for rent opportunities in Wallace amount to 619,280 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Retail	1	30,581
Industrial	1	619,280
Other	3	385,564

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Wallace, NC Commercial Real Estate for Lease and Sale

Wallace Crossing Shopping Center

Duplin County Industrial Center (DCIC)

S NC Hwy 41 & Tobacco Rd

Royal Farms 2 Acre Outparcel NC Hwy 41 Wallace NC

Royal Farms 6 Acre Outparcel NC Hwy 11 Wallace NC

S NC Hwy 41 & Tobacco Rd

7 lots in Wallace NC

Outparcel #1 - Wallace Crossing Shopping Center

1224 N Norwood St

Outparcel #1 - Wallace Crossing Shopping Center

Outparcel #2 - Wallace Crossing Shopping Center

Hwy 11 at I-40

1224 N Norwood St

Frequently Asked Questions

Wallace, NC Currently Available Listings

Commercial Space for Lease Breakdown

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