Office Unit with Private
For Sale
$298,900
560 RIVERSIDE DR #201A 201A, Salisbury, MD 21801
Configured with reception, conference, restroom, kitchenette, and storage areas for professional office use.
Property Size2,018 SF
Price / SF$148.12
Days on Market98
Property Features for 560 RIVERSIDE DR #201A 201A
General Information
Standard status
Active
Size
2,018 SF
Additional Details
Sprinkler System
Yes
Amenities
waiting area
receptionist area
executive office
private offices
conference room
in-suite restrooms
kitchenette
storage areas
alarm system
camera system
large windows
Listing Agency:
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed By:
Florence Brotzman · License #597618
(410) 543-2419
Source:
Keygroupmd
Added: Jul 14
Changed: Oct 15
Last Checked: Oct 16 at 8:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN/Miller Commercial Real Estate
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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.
Unit A201 provides 2,018 sq.ft. of professional office space with a reception and waiting area, large executive office, private offices, conference room, in-suite restrooms, kitchenette, and multiple storage areas. The layout also includes a former surgery suite, large windows for natural light, and two entrances that support added privacy. LED lighting, an alarm system, and camera system are installed throughout the space.
Building and site improvements include a new roof, new parking lot, sidewalk replacements, drainage work, downspout and gutter improvements, and a new fire sprinkler system. An access control system is being installed at each main entry. The property is located at 560 Riverside Dr #201A in Salisbury, Maryland.
Building and site improvements include a new roof, new parking lot, sidewalk replacements, drainage work, downspout and gutter improvements, and a new fire sprinkler system. An access control system is being installed at each main entry. The property is located at 560 Riverside Dr #201A in Salisbury, Maryland.
Key Highlights
- 2,018 sq.ft. professional office unit
- Reception and waiting area with executive and private offices
- Conference room, in‑suite restrooms, kitchenette, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,698
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,960
$534.0K
Cap Rate 7%
$381,400
$381.4K
Cap Rate 9%
$296,644
$296.6K
Market Conditions
NOI Build-Up for 2,018 SF
Gross rent
$50.9K $25.20/SF
− Vacancy
−$6.4K −$3.15/SF
EGI
$44.5K $22.05/SF
− OpEx
−$17.8K −$8.82/SF
NOI
$26.7K $13.23/SF
Area
Wicomico County, MD
Vacancy
12.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,960
Cap Rate 7%
$381,400
Cap Rate 9%
$296,644
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
Explore this area
Business Placement
Demographics for 21801, MD
31,183
Population
12,140
Households
2.6
Avg Household Size
37
Median Age
34%
College-Educated
87%
High-School Grad
40.1 sq mi
ZIP Area
778
Density / Sq Mi
$67,140
Median Household Income
$36,290
Median Earnings
$1,058
Median Rent
$286,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Configured with reception, conference, restroom, kitchenette, and storage areas for professional office use.
Where is this office units located?
The property is located at 560 RIVERSIDE DR #201A 201A 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: 2,018 sq.ft. professional office unit; Reception and waiting area with executive and private offices; Conference room, in‑suite restrooms, kitchenette, and storage
