Restaurant Space with Equipped
For Sale
$399,000
46300 Lexington Village Way, Lexington Park, MD 20653
Established dining operation in Lexington Village Shopping Center with central air and available parking.
Property Size1,976 SF
Price / SF$201.92
Days on Market167
Property Features for 46300 Lexington Village Way
General Information
Standard status
Active
Size
1,976 SF
Additional Details
Business Included
Yes
Building Details
Year Built
2011
Listing Agency:
O'Brien Realty ERA Powered
Listed By:
Monica M Jung · License #648255
(301) 863-2400
Source:
Kandorre
Added: Apr 24
Changed: Oct 6
Last Checked: Oct 6 at 12:27AM
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 O'Brien Realty ERA Powered
Investment Insights
Based on property information with market context.
This 1,976-square-foot restaurant occupies a location within Lexington Village Shopping Center and includes a fully equipped kitchen, dining area, and central air. The space supports an existing Korean and Japanese restaurant concept and was built in 2011.
The property is positioned at 46300 Lexington Village Way in Lexington Park, Maryland, less than 1.9 miles from NAS Patuxent River. Shopping center parking and on-street parking are identified among the property features. Showings are available by appointment.
The property is positioned at 46300 Lexington Village Way in Lexington Park, Maryland, less than 1.9 miles from NAS Patuxent River. Shopping center parking and on-street parking are identified among the property features. Showings are available by appointment.
Key Highlights
- 1,976‑square‑foot restaurant in Lexington Village Shopping Center
- Equipped kitchen and dining area included
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,895
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,900
$597.9K
Cap Rate 7%
$427,071
$427.1K
Cap Rate 9%
$332,167
$332.2K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$48.6K $24.60/SF
− Vacancy
−$8.7K −$4.43/SF
EGI
$39.9K $20.17/SF
− OpEx
−$10.0K −$5.04/SF
NOI
$29.9K $15.13/SF
Area
St. Mary's County, MD
Vacancy
18.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,900
Cap Rate 7%
$427,071
Cap Rate 9%
$332,167
Alternative Uses
Best Use
Specialty Retail
$427.1K
$373.7K – $498.3K
NOI $29,895 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$732.8K
$641.2K – $854.9K
NOI $51,296 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
300k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 37%
Shops & Services 35%
Dining 19%
Home Improvements & Furnishings 6%
Marshalls
Apparel
37,877 visits/mo
0.3 miles
Kohl's
Apparel
37,751 visits/mo
0.1 miles
Wawa
Shops & Services
35,572 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
26,600 visits/mo
0.1 miles
Dollar Tree
Shops & Services
22,120 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established dining operation in Lexington Village Shopping Center with central air and available parking.
Where is this conventional restaurant located?
The property is located at 46300 Lexington Village Way Lexington Park, MD.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,976‑square‑foot restaurant in Lexington Village Shopping Center; Equipped kitchen and dining area included; Central air conditioning
