Turnkey Medical Office
560 RIVERSIDE Drive Salisbury, MD 21801
560 RIVERSIDE Drive, Salisbury, MD, 21801
$298,900
For Sale
$298,900
Commercial Sale - SALISBURY, MD
Property Size2,018 SF
Price / SF$148.12
Days on Market126
Property Features for 560 RIVERSIDE Drive
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 20
- Parking features
- Special Needs, Parking Lot
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 3945
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1985
- Building materials
- Brick
Listing agency
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed by
Florence Brotzman · License #597618
(410) 543-2419
Added: Mar 20 Updated: Jul 9 at 10:49AM Checked: Jul 23 at 12:06AM
MLS# MDWC2022104
Copyright © 2026 Bright MLS. 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 turnkey professional office suite, Unit A201, is designed for a streamlined workplace layout with a front waiting and receptionist area, a large executive office, several private offices, and a conference room. The space includes in-suite restrooms, a kitchenette, and plentiful storage. The unit also features large windows for natural light and 2 entrances to support added privacy.
The property is located at 560 Riverside Drive in Salisbury, Maryland. The seller notes ongoing and completed site and building upgrades, including a new roof, a new parking lot, several sidewalk replacements, and drainage and downspout/gutter improvements. Additional improvements include a new fire sprinkler system, an alarm and camera system, and the current installation of an access control system at each main entry.
The property is located at 560 Riverside Drive in Salisbury, Maryland. The seller notes ongoing and completed site and building upgrades, including a new roof, a new parking lot, several sidewalk replacements, and drainage and downspout/gutter improvements. Additional improvements include a new fire sprinkler system, an alarm and camera system, and the current installation of an access control system at each main entry.
Key Highlights
- Unit A201 offers 2,018 sq. ft. of office space with front waiting and receptionist area plus large executive office
- Includes private offices, conference room, former exam rooms and former surgery suite, and multiple in‑suite restrooms
- Two entrances provide added privacy and support separate access
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.9k | $25.20 |
| − Vacancy | −$6.4k | −$3.15 |
| EGI | $44.5k | $22.05 |
| − OpEx | −$17.8k | −$8.82 |
| NOI | $26.7k | $13.23 |
2,018 SF · lease $25.20/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$550.5K
$481.7K – $642.2K
NOI $38,532 @ 7.0% cap · market cap 12.89%
Second Best
Healthcare Medical
$381.4K
$333.7K – $445.0K
NOI $26,698 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$705.9K
$617.7K – $823.6K
NOI $49,414 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Turnkey office suite with multiple private offices, conference room, and in-suite restrooms, including upgrades to roof and fire system.
Where is this office units located?
The property is located at 560 RIVERSIDE Drive Salisbury, MD.
What is the asking price?
The asking price for this property is $298,900.
What are key features of this property?
This property features: Unit A201 offers 2,018 sq. ft. of office space with front waiting and receptionist area plus large executive office; Includes private offices, conference room, former exam rooms and former surgery suite, and multiple in‑suite restrooms; Two entrances provide added privacy and support separate access
