The defender found the net once again in Saturday's 3-0 win over Livingston.
The 28-year old drilled home a fantastic strike from outside the box to open the scoring for Rangers, and Warburton has talked up his captain's quality.
“Lee's got that. You could see from the previous week when he scored with his right foot and now he's hit a 25 yard thunderbolt with his left foot, it was great technique,” he told the club's official website.
Saturday’s goal took the left-back’s tally for the season to four, and he has been joined near the top of the goal-scoring charts by his right-sided counterpart James Tavernier.
Spreading goals across the team has been an important part of what the managing staff have been trying to achieve, and nowhere is this more evident than by the contributions of the Gers full-backs.
“He's very keen to get forward and he's conscious of Tav(ernier) scoring from the right side, so our two full backs are making a fantastic contribution to the goal scoring,” said Warburton.
“Our goals are coming from all over the park and there's no doubting Lee's quality of technique and I'm delighted for him.”
Wallace has slowly risen to prominence in the Rangers set-up since his switch from Hearts four years ago, and the award of the captain’s armband earlier this summer appears to have galvanised him further.
The powerful defender has grown into the role expected of him and has quickly become one of Warburton’s most reliable and important players.