Brick Office
For Sale
$799,000
1031 Rice Valley Road N, Northport, AL 35406
CommercialSale, Northport, AL
Property Size2,640 SF
Lot Size1.00 Acre
Price / SF$302.65
Days on Market24
Property Features for 1031 Rice Valley Road N
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
From 550 Greensboro Ave., head toward University Blvd and turn right onto Lurleen B. Wallace Blvd and head North into Northport. Continue North to McFarland Blvd and turn left onto Watermelon Rd and then right onto Rice Valley Road, looking for 1031
Subdivision
(06) Northport City
Standard status
Active
APN
31-01-11-1-001-006.000
Size
2,640 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
Com Nw Cor Ne/4 S11 T21s R10w; E 385(S); S 30(S) To Pob; Ely 210(S) Alg R/W; S 210; W 210; N 193(S) To Pob
Tax Annual Amount
331400
Legal Description
Com Nw Cor Ne/4 S11 T21s R10w; E 385(S); S 30(S) To Pob; Ely 210(S) Alg R/W; S 210; W 210; N 193(S) To Pob
Building Details
Number of units
1
Buildings
1
Listing Agency:
Harwood Real Estate LLC
(205) 764-1637
Listed By:
Neal Dichiara
(205) 292-1346
Added: Oct 6
Changed: Oct 28
Last Checked: Oct 29 at 10:06AM
MLS# 177903
Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick office building contains 2,640 square feet. The property sits on a 1-acre parcel at 1031 Rice Valley Road N in Northport, Alabama.
Key Highlights
- 2,640‑square‑foot office building
- 1‑acre parcel
- Located at 1031 Rice Valley Road N in Northport, Alabama
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,579
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,580
$611.6K
Cap Rate 7%
$436,843
$436.8K
Cap Rate 9%
$339,767
$339.8K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$52.3K $19.80/SF
− Vacancy
−$11.5K −$4.36/SF
EGI
$40.8K $15.44/SF
− OpEx
−$10.2K −$3.86/SF
NOI
$30.6K $11.58/SF
Area
Tuscaloosa County, AL
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,580
Cap Rate 7%
$436,843
Cap Rate 9%
$339,767
Alternative Uses
Best Use
Office B
$436.8K
$382.2K – $509.7K
NOI $30,579 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$634.4K
$555.1K – $740.2K
NOI $44,409 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 35406, AL
16,664
Population
8,291
Households
2
Avg Household Size
40
Median Age
68%
College-Educated
97%
High-School Grad
80.9 sq mi
ZIP Area
206
Density / Sq Mi
$118,736
Median Household Income
$68,810
Median Earnings
$1,352
Median Rent
$467,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Brick construction provides a defined physical character for the existing office property.
Where is this office building located?
The property is located at 1031 Rice Valley Road N Northport, AL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,640‑square‑foot office building; 1‑acre parcel; Located at 1031 Rice Valley Road N in Northport, Alabama
