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Turnkey Medical Office Suite

560 Riverside Drive Unit 201A Salisbury, MD 21801

560 Riverside Drive Unit 201A, Salisbury, MD, 21801
$298,900
For Sale
$298,900

Turnkey professional office suite with multiple private offices, conference room, in-suite restrooms, and two entrances.

Property Size2,018 SF
Price / SF$148.12
Days on Market160

Property Features for 560 Riverside Drive Unit 201A

General Information

Standard status
Active
Size
2,018 SF
Property subtype
Office

Building Details

Year Built
1985
Listing agency SVN
Listed by Florence Brotzman · License #597618
Source Xome
Added: Feb 12 Updated: Jul 22 at 7:48PM Checked: Jul 22 at 7:48PM

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


Investment Insights

Based on property information with market context.

This turnkey professional office space, Unit A201 (Unit 201A), totals 2,018 square feet and is designed for a high-functioning workspace. The suite includes front waiting and a receptionist area, a large executive office, multiple private offices (described as former exam rooms), a conference room, and in-suite restrooms. Additional improvements include a former surgery suite, a kitchenette, plentiful storage, large windows for natural light, and integrated alarm and camera systems.

The layout also provides two entrances, supporting added privacy for staff and visitors.

As presented, the suite offers a mix of reception, exam-style rooms, and conference and support areas, making it well-suited to an organization that needs both client-facing space and multiple private rooms within a single suite.

Key Highlights

  • 2,018 SF professional office suite with multiple private offices, conference room, and in‑suite restrooms
  • Turnkey interior features include new LED lighting, central air, and alarm and camera system
  • Reception and front waiting area plus an executive office and former exam/surgery suite rooms

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 (±1% cap)
NOI $38,532 @ 7.0% cap · market cap 12.89%
Second Best
Healthcare Medical
$381.4K
$333.7K – $445.0K (±1% cap)
NOI $26,698 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$705.9K
$617.7K – $823.6K (±1% cap)
NOI $49,414 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Real Estate Agency Auto Repair Shop Big Box & Wholesale Store HVAC Service (Bike/Boat/Book/etc) Store Skin Care Clinic Computer & Electronic Repair Kitchen & Bath Showroom Butcher Home Appliance Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office units - Turnkey professional office suite with multiple private offices, conference room, in-suite restrooms, and two entrances.
Where is this office units located?
The property is located at 560 Riverside Drive Unit 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 SF professional office suite with multiple private offices, conference room, and in‑suite restrooms; Turnkey interior features include new LED lighting, central air, and alarm and camera system; Reception and front waiting area plus an executive office and former exam/surgery suite rooms
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