You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Strip malls

1375 Federal Dr Montgomery, AL 36107

23,299 SF 2.21 ac lot Built 1963
Entity Owned 9-yr Hold Free & Clear
Property ID
US03-0472782
Property summary
AI-generated overview

Montgomery Plaza, located at 1375-1401 Federal Drive in Montgomery, Alabama, presents a compelling investment opportunity. This single-tenant retail strip center encompasses 41,225 square feet across three one-story buildings situated on a 4.08-acre lot. Currently, 22,000 square feet of space is available for lease. The property benefits from a highly desirable location in North Central Montgomery, just 2.2 miles from Interstate 85, ensuring excellent accessibility. The surrounding area boasts strong demographics, with a population of 107,521 within a 5-mile radius and an average household income of $64,687. The property's B2 zoning allows for a variety of commercial uses. Its strategic placement near established businesses, including Walmart and various food outlets, and the ongoing construction of a Circle K next door, further enhances its appeal and potential for growth. The owner is actively seeking tenants and is willing to make significant upgrades to the property to attract suitable businesses. Utilities are readily available. This property offers a unique chance to establish a thriving commercial presence in a vibrant and accessible location. The substantial available space presents a blank canvas for a variety of retail concepts.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 23,299 SF
Lot 2.21 ac (96,268 SF)
Zoning code B-2
APN 10-02-04-2-002-002.000
UPID US03-0472782
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Circle K Gas Station
  • Ranch Thrift Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$763k
Blend (final) Blend
$550k
Owner & transaction history
Mdc Coast 2 LLC · 9 yrs held
Mdc Coast 2 LLC
since 2017
1 recorded transaction
2017
$10.9M
Zoning & alternative use
B-2 · Montgomery, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

lands at service stations is at least ten feet from all property lines. **Off site parking may be provided to meet this requirement, provided previous approval is obtained from the planning commission. Individual Stores B-2, Highway Commercial B-3 Item Districts B-2 B-3 Classes of business or services permitted A, B & C A, B & C Classes of business or servic…

Zone name Business District Individual Stores
General category COMMERCIAL
Zone area 3,361.47 ac
Source code of ordinances
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message