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Prime Commercial Condo in Lexington Park

22335 EXPLORATION Dr 1010, Lexington Park, MD 20653

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For Sale

$269,900

Ground-level condo ideal for medical, wellness, or professional office.

Type:Commercial

Property size:

1,574 SF

Price / SF:

$171/SF

HighLights

Prime ground‑level commercial condo in the highly sought‑after Exploration Building.
Versatile layout featuring 7 private offices/exam rooms, reception area, and 2 bathrooms (one with shower).
Ideal for medical, wellness, professional office, or service‑based businesses.
Ample parking with approximately 20 dedicated spaces.
Excellent visibility and proximity to major employers, retail centers, and NAS Patuxent River.
Fully accessible and turnkey opportunity for owner‑user or investor.

We can help!

Listing Contact

Mark A Frisco Jr.

Learn more

For Sale

$269,900

Ground-level condo ideal for medical, wellness, or professional office.

Type:Commercial

Property size:

1,574 SF

Price / SF:

$171/SF

Added:: Apr 24, 2026
Days on Market:: 56
Last Refresh:: Apr 24 at 7:55 pm

Property Features for 22335 EXPLORATION Dr 1010

General Information

Standard status: Active
Size: 1,574 SF
Property subtype: Commercial

Building Details

Year Built: 1986

We can help!

Listing Contact

Mark A Frisco Jr.

Listing agent Mark A Frisco Jr. License #633534

Listing office Century 21 New Millennium

Listing date Apr 24, 2026

Source Elliman

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

HighLights

Prime ground‑level commercial condo in the highly sought‑after Exploration Building.
Versatile layout featuring 7 private offices/exam rooms, reception area, and 2 bathrooms (one with shower).
Ideal for medical, wellness, professional office, or service‑based businesses.
Ample parking with approximately 20 dedicated spaces.
Excellent visibility and proximity to major employers, retail centers, and NAS Patuxent River.
Fully accessible and turnkey opportunity for owner‑user or investor.

Overview

This 1,574 square foot ground-level commercial condo is located in the Exploration Building. The suite features 7 private offices or exam rooms, a reception/waiting area, and 2 bathrooms, one of which includes a full shower. It is suitable for medical, wellness, professional office, or service-based businesses. The layout includes a central hallway design, multiple private rooms, and a larger flex office with built-in shelving and workspace. The property features wood-style flooring, neutral paint tones, and natural light. The space was most recently used as a spa/massage therapy business and was previously a dental office with plumbing/electrical still intact. The suite is fully accessible and situated on the ground floor. Approximately 20 dedicated parking spaces are available. The property is located in Lexington Park, offering visibility and proximity to major employers, retail centers, and NAS Patuxent River. Contiguous spaces may be available, potentially expanding to 2800 or even up to 6000 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$38.7k	$24.60
− Vacancy	−$6.7k	−$4.23
EGI	$32.1k	$20.37
− OpEx	−$8.0k	−$5.09
NOI	$24.0k	$15.28

1,574 SF · lease $24.60/SF/yr · vacancy 17.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$343.5K

$300.6K – $400.8K (±1% cap)

NOI $24,045 @ 7.0% cap · market cap 8.91%

Second Best

Healthcare Medical

$314.9K

$275.5K – $367.3K (±1% cap)

NOI $22,040 @ 7.0% cap · market cap 8.17%

Theoretical Best

Office A

$583.7K

$510.8K – $681.0K (±1% cap)

NOI $40,860 @ 7.0% cap · market cap 15.14%

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

Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Similar Places Nearby

VCA St Mary's Animal Hospital: Meadows Leslie DVM — 22261 three notch rd, lexington park, md 20653
Ann Fitzsimmons — 22261 Three Notch Rd, Lexington Park, MD 20653

Location Insight

Map
Local Demand

City: Lexington Park
County: St. Mary's
State: Maryland
Longitude: -76.4698683
Latitude: 38.2805829

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For sale
Medical Office Space
MD
Lexington Park
20653
22335 EXPLORATION Dr 1010

What type of property is this?

Medical Office Space - Ground-level condo ideal for medical, wellness, or professional office.

Where is this medical office space located?

The property is located at 22335 EXPLORATION Dr 1010 Lexington Park, MD.

What is the asking price?

The asking price for this property is $269,900.

What are key features of this property?

This property features: Prime ground‑level commercial condo in the highly sought‑after Exploration Building.; Versatile layout featuring 7 private offices/exam rooms, reception area, and 2 bathrooms (one with shower).; Ideal for medical, wellness, professional office, or service‑based businesses.