Ground-Floor Medical Office
For Sale
$269,900
1010-22335 Exploration Dr, Lexington Park, MD 20653
Ground-level suite with reception area, multiple private offices, and two bathrooms in a professional building with dedicated parking.
Property Size1,574 SF
Price / SF$171.47
Days on Market230
Property Features for 1010-22335 Exploration Dr
General Information
Standard status
Active
Size
1,574 SF
Total Parking Spaces
20
Additional Details
Business Included
Yes
Office Units
7
Taxes and HOA fees
Annual Taxes
$3,058
Listing Agency:
CENTURY 21 New Millennium
(443) 968-9595
Listed By:
Mark A Frisco Jr. · License #633534
(443) 532-8776
Source:
Exprealty
Added: Mar 4
Changed: Oct 19
Last Checked: Oct 19 at 11:56AM
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 CENTURY 21 New Millennium
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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.
A 1,574 SF ground-level commercial condo within the Exploration Building, this well-appointed suite is designed for client-facing operations. The layout includes a reception and waiting area, a central hallway, multiple private offices or exam rooms, and a larger flex office with built-in shelving and workspace. There are two bathrooms, including one with a full shower, and the space features wood-style flooring and neutral finishes. The plumbing and electrical remain in place, and the suite is fully accessible.
The property provides easy entry from the ground floor and includes approximately 20 dedicated parking spaces for employees and visitors. It is located in Lexington Park within a well-maintained professional building.
The most recent use was a spa or massage therapy business, with prior use as a dental office. Contiguous spaces may be available to support expansion.
The property provides easy entry from the ground floor and includes approximately 20 dedicated parking spaces for employees and visitors. It is located in Lexington Park within a well-maintained professional building.
The most recent use was a spa or massage therapy business, with prior use as a dental office. Contiguous spaces may be available to support expansion.
Key Highlights
- 1,574 SF ground‑level commercial condo suite in the Exploration Building
- Suite layout includes 7 private offices/exam rooms, plus a reception/waiting area
- Two bathrooms, including one with a full shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,045
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,900
$480.9K
Cap Rate 7%
$343,500
$343.5K
Cap Rate 9%
$267,167
$267.2K
Market Conditions
NOI Build-Up for 1,574 SF
Gross rent
$38.7K $24.60/SF
− Vacancy
−$6.7K −$4.23/SF
EGI
$32.1K $20.37/SF
− OpEx
−$8.0K −$5.09/SF
NOI
$24.0K $15.28/SF
Area
St. Mary's County, MD
Vacancy
17.20%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,900
Cap Rate 7%
$343,500
Cap Rate 9%
$267,167
Alternative Uses
Best Use
Office B
$343.5K
$300.6K – $400.8K
NOI $24,045 @ 7.0% cap · market cap 8.91%
Second Best
Healthcare Medical
$314.9K
$275.5K – $367.3K
NOI $22,040 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$583.7K
$510.8K – $681.0K
NOI $40,860 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
7
Office units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 20653, MD
25,180
Population
11,696
Households
2.2
Avg Household Size
34
Median Age
34%
College-Educated
91%
High-School Grad
33.2 sq mi
ZIP Area
758
Density / Sq Mi
$97,923
Median Household Income
$55,396
Median Earnings
$1,579
Median Rent
$341,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Ground-level suite with reception area, multiple private offices, and two bathrooms in a professional building with dedicated parking.
Where is this office unit located?
The property is located at 1010-22335 Exploration Dr Lexington Park, MD.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 1,574 SF ground‑level commercial condo suite in the Exploration Building; Suite layout includes 7 private offices/exam rooms, plus a reception/waiting area; Two bathrooms, including one with a full shower
