Law Office with Private Rear
21689 Great Mills Rd, Lexington Park, MD 20653
For Sale
$499,900
Well-configured office space with private rear entry, multiple offices, and a full bath for professional or mixed-use tenants.
Property Size2,226 SF
Price / SF$224.57
Days on Market147
Property Features for 21689 Great Mills Rd
General Information
Standard status
Size
Zoning
Building Details
Year Built
Listing Agency:
CENTURY 21 New Millennium
Listed By:
Jennifer L Goddard · License #614316
(301) 481-2696
Source:
Premierehomegroup
Added: Jun 16
Changed: Oct 25
Last Checked: Oct 7 at 4:41PM
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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Investment Insights
Based on property information with market context.
This for-sale office property is currently configured and used as a law office and offers multiple private office spaces, several spacious rooms, and a full bath. A notable feature is a large rear office that has its own private entrance, which can support separate staff access or a distinct work area within the overall layout.
The property is located at 21689 Great Mills Road in Lexington Park, MD 20653. Zoning is listed as MXM (Medium Intensity Mixed Use), and buyers should verify permitted uses during due diligence.
For prospective tenants or buyers seeking a professional office setup, the existing private offices and full bath provide a straightforward foundation for legal, administrative, or other office-oriented uses. The additional rear private entrance offers flexibility for organizations that want to manage access to a secondary area more independently, subject to zoning and permitted use requirements.
The property is located at 21689 Great Mills Road in Lexington Park, MD 20653. Zoning is listed as MXM (Medium Intensity Mixed Use), and buyers should verify permitted uses during due diligence.
For prospective tenants or buyers seeking a professional office setup, the existing private offices and full bath provide a straightforward foundation for legal, administrative, or other office-oriented uses. The additional rear private entrance offers flexibility for organizations that want to manage access to a secondary area more independently, subject to zoning and permitted use requirements.
Key Highlights
- Central air and mixed flooring including hardwood and carpet
- Corner lot with driveway parking
- Year built 1947
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,006
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,120
$680.1K
Cap Rate 7%
$485,800
$485.8K
Cap Rate 9%
$377,844
$377.8K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$54.8K $24.60/SF
− Vacancy
−$9.4K −$4.23/SF
EGI
$45.3K $20.37/SF
− OpEx
−$11.3K −$5.09/SF
NOI
$34.0K $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%
$680,120
Cap Rate 7%
$485,800
Cap Rate 9%
$377,844
Alternative Uses
Best Use
Office B
$485.8K
$425.1K – $566.8K
NOI $34,006 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$825.5K
$722.3K – $963.1K
NOI $57,786 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Well-configured office space with private rear entry, multiple offices, and a full bath for professional or mixed-use tenants.
Where is this office building located?
The property is located at 21689 Great Mills Rd Lexington Park, MD.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Central air and mixed flooring including hardwood and carpet; Corner lot with driveway parking; Year built 1947
