Turnkey Medical Office
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
(410) 543-2419
Listed by
Florence Brotzman · License #597618
(410) 543-2419
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.
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
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
Location Intelligence
Current Use by Public Records
Office Units
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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