1401 Federal Dr Montgomery, AL 36107
Property profile & analytics
1401 Federal Dr Montgomery, AL 36107
- Retail space
- 11,335 SF
- 1.87 lot acres
Property ID
US03-0514150
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Cr3ative Events Studio / Hotel & Motel / Resort
- J&J Furniture And Decor / Home Decor Store / Department Store
Property Details for 1401 Federal Dr
- Year built
- 1998
- Lot size
- 1.87 lot acres
- Property size
- 11,335 SF
- Zone code
- B-2
- Property type
- Retail space
- APN
- 10-02-04-2-002-002.001
- APU
- 1002042002002001
Description
This exceptional 120-acre property, formerly the Bonnie Crest Golf and Country Club, presents a unique opportunity for large-scale development in Montgomery, Alabama. Located at 1401 Federal Drive, 36107, this expansive site is zoned for Institutional use and offers significant potential for a variety of projects. The property is currently undergoing subdivision, creating parcels ideal for individual development. A key advantage is the presence of a Walmart Neighborhood Market occupying 12 acres, providing immediate retail amenity for future residents or users of adjacent parcels. Given its size and location, this land is exceptionally well-suited for civic uses, such as a new municipal facility or park. Alternatively, the property's history as a golf course makes it an attractive site for a new golf course community or a similar recreational development. The substantial acreage also lends itself to the creation of a retirement community or a large-scale nursing home/care facility. The property's proximity to Montgomery's city center is a significant benefit, offering easy access to amenities and transportation networks. The availability of such a large, contiguous parcel within close proximity to the city is rare, making this a truly exceptional investment opportunity. The property is situated in Montgomery County, Alabama, and offers a compelling combination of size, location, and zoning flexibility.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,095,000
- 6.5%
- $1,935,000
- 7%
- $1,800,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,572,000
- AI Estimate
- $1,947,000
Market price range: $362k - $1.57MMarket price range: $524k - $1.95M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $2,430,000
- MEDICAL BUILDING
- $1,550,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2735
- Latitude
- 32.3978
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,359
$16,300
$174,760
$191,060
-
$81,500
$873,800
$955,300
