Medical Office Building with Dental Build-Out

For Sale

$2,290,000

221 Rice Mine Road NE, Tuscaloosa, AL 35406

CommercialSale, Tuscaloosa, AL

Property Size6,000 SF

Lot Size0.82 Acres

Price / SF$381.67

Days on Market406

Property Features for 221 Rice Mine Road NE

General Information

Property type Commercial Sale

Property subtype Office

Directions From McFarland Blvd. turn onto Rice Mine Rd. NE. Property is on the right.

Subdivision (01) North of the River City

Standard status Active

APN 31-01-12-4-011-002.002

Size 6,000 SF

Lot size 0.82 Acres

Taxes and HOA fees

Tax Description Beg 430(S) N Of & 765(S) E Of Sw Cor Se1/4 S12 Th Ne 201.4; Se 249.6; Sw 70.1; Nw 115(S); Se 80.1; Sw 37.1;Nw 132.8 To Pob In Sw1/4-Se1/4 S12 T21s R10w

Tax Annual Amount 7186

Legal Description Beg 430(S) N Of & 765(S) E Of Sw Cor Se1/4 S12 Th Ne 201.4; Se 249.6; Sw 70.1; Nw 115(S); Se 80.1; Sw 37.1;Nw 132.8 To Pob In Sw1/4-Se1/4 S12 T21s R10w

Building Details

Number of units 1

Listing Agency: Harwood Real Estate LLC

Listed By: Richard Harwood · License #118535018

Added: Sep 4, 2025 Changed: Oct 3 Last Checked: Oct 14 at 6:06AM

MLS# 170720

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.

Investment Insights

Based on property information with market context.

This 6,000-square-foot medical office property includes a dental-oriented build-out within a 0.82-acre site. The improvements are configured for medical practice use and include on-site parking for patients and staff.

The property is located at 221 Rice Mine Road NE in Tuscaloosa, Alabama. Its position along Rice Mine Road NE provides access to a high-traffic corridor, with visibility from the roadway and a location associated with medical office activity.

Key Highlights

6,000 SF medical office building
Dental‑oriented medical build‑out
0.82‑acre property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$80,352

Cap Rate

3.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,607,040 $1.6M

Cap Rate 7%

$1,147,886 $1.1M

Cap Rate 9%

$892,800 $892.8K

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$144.0K $24.00/SF

− Vacancy

−$10.1K −$1.68/SF

EGI

$133.9K $22.32/SF

− OpEx

−$53.6K −$8.93/SF

NOI

$80.4K $13.39/SF

Area

Tuscaloosa, AL

Vacancy

7.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,607,040

Cap Rate 7%

$1,147,886

Cap Rate 9%

$892,800

Alternative Uses

Best Use

Healthcare Medical

$1.15M

$1.00M – $1.34M (±1% cap)

NOI $80,352 @ 7.0% cap · market cap 3.51%

Second Best

Office B

$992.8K

$868.7K – $1.16M (±1% cap)

NOI $69,498 @ 7.0% cap · market cap 3.03%

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,930 @ 7.0% cap · market cap 4.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Dr. Richard A. Simpson, ... Dental Office Burgess, J Barry ... Dental Office Total Health Of Tuscaloosa Alternative Medicine Practice Children and Teen Dental ... Dental Office John Burgess Dental Office