Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    22335 Exploration Dr, Unit 1010 Lexington Park, MD 20653

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,800 /Mo

    1574 sqft medical/dental office, convertable to traditional office.

    Lot size:
    0.04 Acres

    Property Features for 22335 Exploration Dr

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Mark A Frisco Jr.
    Mark A Frisco Jr.
    Source: Elliman

    Listing Agent: Mark A Frisco Jr.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical/Dental Office Space Available

    This 1574 sqft space is configured as a dental or medical office, ready for customization. The layout includes a waiting room, a large reception desk, two bathrooms, two open areas equipped with plumbing, and four private offices or exam rooms. The space could be converted into a traditional office space with some buildout. The rental amount covers taxes, CAM, and condo fees.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Similar Places Nearby

    VCA St Mary's Animal Hospital: Meadows Leslie DVM, Ann Fitzsimmons

    Location Insight

    • Map
    • Local Demand
    City
    Lexington Park
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.4698683
    Latitude
    38.2805829

    Nearby Similar for Lease

    • Contact for pricing
      9,342 SF

      Great Mills Retail Center: Prime Location

      9,342 SF Retail Space - New Development
      0 Great Ml Rd & Chancellors Run Rd, Lexington Park, MD 20653
      View Details
    • Contact for pricing
      39,648 SF

      Lexington Park Retail Opportunity

      Prime Retail Space, High Traffic Location
      22065 Three Notch Rd, Lexington Park, MD 20653
      View Details
    • Contact for pricing
      184,085 SF

      Lexington Park Executive Office Space

      184,085 SF Office/Retail, Prime Location
      21800 Shangri-La Dr, Lexington Park, MD 20653
      View Details
    • Contact for pricing
      4,085 SF

      Lexington Park Retail Space

      4,085 SF Retail Building, Great Location
      21544 Great Mills Rd, Lexington Park, MD 20653
      View Details
    • $1,000 /Mo

      Renovated Office Space with Signage

      Small, renovated office space with road frontage and signage.
      21394 Great Mills Rd, Lexington Park, MD 20653
      View Details
    • Contact for pricing
      2,050 SF

      Retail Space Near Great Mills

      New retail development near Great Mills Road, available Q2 2023.
      Great Mills Rd, Lexington Park, MD 20653
      View Details
    • $1,200 /Mo

      Renovated Storefront Commercial Property

      Renovated storefront with reception, office, baths, kitchen, parking.
      21614 Great Mills Rd, Lexington Park, MD 20653
      View Details
    • Contact for pricing
      16,906 SF

      Plug and Play Office Space

      Single story office near Naval Air Station Patuxent River.
      46950 Bradley Blvd, Lexington Park, MD 20653
      View Details
    • Contact for pricing
      22,000 SF

      22,000 SF Retail Building

      22,000 SF retail building for lease on 1.3 acres.
      22654 Three Notch Rd, Lexington Park, MD 20653
      View Details
    • $19 SF/Yr
      2,992 SF

      Lexington Park Office Space

      Office space available for rent in Lexington Park, Maryland.
      3 Three Notch Rd, Lexington Park, MD 20653
      View Details
    • $6 SF/Yr
      22,000 SF

      Retail Space in Lexington Park

      22000 SF retail property available for lease.
      21600 Great Mills Rd, Lexington Park, MD 20653
      View Details

    FAQs

    What type of property is this?
    Medical office - 1574 sqft medical/dental office, convertable to traditional office.
    Where is this medical office located?
    The property is located at 22335 Exploration Dr, Unit 1010 Lexington Park, MD.
    What are key features of this property?
    This property features: - Ready-to-use dental/medical office layout with waiting room, reception, and exam rooms.; - Rental amount includes taxes, CAM, and condo fees.; - Features two bathrooms and two open areas with plumbing.
    (443) 532-8776
    Request Owner's contact information
    22335 Exploration Dr, Unit 1010 Lexington Park, MD 20653
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    22335 Exploration Dr, Unit 1010
    Lexington Park, MD 20653
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22335 Exploration Dr, Unit 1010 Lexington Park, MD 20653
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mark A Frisco Jr.
    Mark A Frisco Jr.
    Real Estate License ID: 633534
    (443) 532-8776
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.