Ground-Floor Salon and Wellness
For Sale
$464,900
22335 EXPLORATION DR #1000 1000, Lexington Park, MD 20653
Flexible commercial condominium with private rooms, two bathrooms, storage, and approximately 20 parking spaces.
Property Size2,784 SF
Price / SF$166.99
Days on Market49
Property Features for 22335 EXPLORATION DR #1000 1000
General Information
Standard status
Active
Size
2,784 SF
Total Parking Spaces
20
Additional Details
Floor
Ground
Office Units
1
Amenities
common area
Building Details
Tenancy
Single
Listing Agency:
CENTURY 21 Commercial New Millennium
(703) 753-7910
Listed By:
Mark A Frisco Jr. · License #633534
(443) 532-8776
Source:
Palmerharned
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 8:57AM
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 Commercial New Millennium
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,784-square-foot, ground-level commercial condominium is currently configured as a salon and offers a flexible layout for spa, medical, dental, wellness, or professional office use. The interior includes an open main salon area measuring approximately 27' × 25', multiple private rooms ranging from approximately 8' × 8' to 17' × 15', dedicated hallways, two private bathrooms, and storage throughout. Perimeter windows bring natural light into the space, while ground-floor access supports convenient entry.
The property includes access to a common area of approximately 20' × 40' and approximately 20 parking spaces. Located at 22335 Exploration Dr in Lexington Park, the condominium is near NAS Patuxent River and surrounding commercial anchors. Its current salon configuration, private-room layout, and open areas provide a range of options for continued operation or interior reconfiguration.
The property includes access to a common area of approximately 20' × 40' and approximately 20 parking spaces. Located at 22335 Exploration Dr in Lexington Park, the condominium is near NAS Patuxent River and surrounding commercial anchors. Its current salon configuration, private-room layout, and open areas provide a range of options for continued operation or interior reconfiguration.
Key Highlights
- 2,784 SF ground‑level commercial condominium
- Open salon area measures approximately 27' × 25'
- Private rooms range from approximately 8' × 8' to 17' × 15'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,893
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,860
$537.9K
Cap Rate 7%
$384,186
$384.2K
Cap Rate 9%
$298,811
$298.8K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$41.8K $15.00/SF
− Vacancy
−$3.3K −$1.20/SF
EGI
$38.4K $13.80/SF
− OpEx
−$11.5K −$4.14/SF
NOI
$26.9K $9.66/SF
Area
St. Mary's County, MD
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,860
Cap Rate 7%
$384,186
Cap Rate 9%
$298,811
Alternative Uses
Best Use
Retail
$384.2K
$336.2K – $448.2K
NOI $26,893 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$903.4K – $1.20M
NOI $72,272 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Flexible commercial condominium with private rooms, two bathrooms, storage, and approximately 20 parking spaces.
Where is this spa & wellness property located?
The property is located at 22335 EXPLORATION DR #1000 1000 Lexington Park, MD.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: 2,784 SF ground‑level commercial condominium; Open salon area measures approximately 27' × 25'; Private rooms range from approximately 8' × 8' to 17' × 15'
