Flex Warehouse with Office
21407 Great Mills Road Lexington Park, MD 20653
For Sale
$395,000
Warehouse with multiple garage bays, loading dock, and office/admin space suited for service and contractor operations.
Property Size3,280 SF
Price / SF$120.43
Days on Market107
Property Features for 21407 Great Mills Road
General Information
Standard status
Active
Size
3,280 SF
Property subtype
Mixed Use
Building Details
Year Built
1973
Listing Agency:
CENTURY 21 New Millennium
(240) 538-2641
Listed By:
Brittany Russell · License #0663817
(240) 538-2641
Source:
Xome
Added: Apr 15
Changed: Jul 10
Last Checked: Jul 7 at 10:27PM
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.
This commercially zoned flex property combines warehouse functionality with a built-in office and reception area. The warehouse features over 3,000 square feet with three large garage bays plus a fourth garage door served by a loading dock, supporting efficient move-in and day-to-day operations. Interior space includes an entry reception/admin area, a waiting room, three private offices, a kitchen, and two half bathrooms, providing a practical layout for teams that need both work space and customer or client areas.
The property is positioned along Great Mills Road with strong road frontage and steady traffic counts, creating visibility for businesses serving the surrounding market. It is also located near shopping centers, restaurants, and Naval Air Station Patuxent River, with convenient access to major commuter routes.
The configuration suits a range of commercial uses, including contractor, automotive, warehouse, and other service-based operations that require flexible workspace and private office support. For buyers, the blend of warehouse access points and dedicated administrative areas offers a functional setup for tenants seeking a versatile property in a high-visibility corridor.
The property is positioned along Great Mills Road with strong road frontage and steady traffic counts, creating visibility for businesses serving the surrounding market. It is also located near shopping centers, restaurants, and Naval Air Station Patuxent River, with convenient access to major commuter routes.
The configuration suits a range of commercial uses, including contractor, automotive, warehouse, and other service-based operations that require flexible workspace and private office support. For buyers, the blend of warehouse access points and dedicated administrative areas offers a functional setup for tenants seeking a versatile property in a high-visibility corridor.
Key Highlights
- Commercially zoned DMX property on Great Mills Rd
- Warehouse includes 3,000+ SF with 3 large garage bays plus a 4th garage door with loading dock
- Office/admin layout with reception entry, waiting room, and 3 private offices
Financial Insights For Industrial
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 | $49.2k | $15.00 |
| − Vacancy | −$5.7k | −$1.74 |
| EGI | $43.5k | $13.26 |
| − OpEx | −$13.0k | −$3.98 |
| NOI | $30.4k | $9.28 |
3,280 SF · lease $15.00/SF/yr · vacancy 11.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$715.8K
$626.3K – $835.1K
NOI $50,107 @ 7.0% cap · market cap 12.69%
Second Best
Flex RnD
$614.4K
$537.6K – $716.8K
NOI $43,007 @ 7.0% cap · market cap 10.89%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,148 @ 7.0% cap · market cap 21.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse with multiple garage bays, loading dock, and office/admin space suited for service and contractor operations.
Where is this flex space located?
The property is located at 21407 Great Mills Road Lexington Park, MD.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Commercially zoned DMX property on Great Mills Rd; Warehouse includes 3,000+ SF with 3 large garage bays plus a 4th garage door with loading dock; Office/admin layout with reception entry, waiting room, and 3 private offices
