Technical
Financial
Distress signals
Property profile

1401 Federal Dr Montgomery, AL 36107

FOR SALE
Retail space
Property ID
US03-0514150
11,335 SF 1.87 ac lot Built 1998
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Total area 11,335 SF
Lot 1.87 ac (81,457 SF)
Zoning code B-2
APN 10-02-04-2-002-002.001
UPID US03-0514150

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hotel & Motel Resort
  • Home Decor Store Department Store

Location

1401 Federal Dr Montgomery, AL 36107
Montgomery metro Census 1800 MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.94M
Comparable Approach Comparable
$1.57M
Blend (final) Blend
$210k

Owner & transaction history

since 2026
2 recorded transactions
2026
Price N/A
2024
Price N/A

Zoning & alternative use

B-2 · Montgomery, AL
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…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $2.4M +181.7%
Medical building $1.6M +79.6%

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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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
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