Ground-Floor Medical Office
1010-22335 Exploration Dr Lexington Park, MD 20653
1010-22335 Exploration Dr, Lexington Park, MD, 20653
$269,900
For Sale
$269,900
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 Market139
Property Features for 1010-22335 Exploration Dr
General Information
- Standard status
- Active
- Size
- 1,574 SF
Listing agency
CENTURY 21 New Millennium
(443) 532-8776
Listed by
Mark A Frisco Jr. · License #633534
(443) 532-8776
Source
Exprealty
Added: Mar 4 Updated: Jul 21 at 10:20AM Checked: Jul 21 at 10:20AM
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
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
Local Financial Insights For Office B
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 | $38.7k | $24.60 |
| − Vacancy | −$6.7k | −$4.23 |
| EGI | $32.1k | $20.37 |
| − OpEx | −$8.0k | −$5.09 |
| NOI | $24.0k | $15.28 |
1,574 SF · lease $24.60/SF/yr · vacancy 17.20% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Ground-level suite with reception area, multiple private offices, and two bathrooms in a professional building with dedicated parking.
Where is this office units 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
