Ground-Floor Spa and Wellness
22335 EXPLORATION DRIVE #1000, Lexington Park, MD 20653
For Sale
$464,900
Flexible suite includes private rooms, bathrooms, storage, and parking for salon, clinical, or office configurations.
Property Size2,784 SF
Price / SF$166.99
Days on Market96
Property Features for 22335 EXPLORATION DRIVE #1000
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Floor
Office Units
Amenities
common area
Building Details
Year Built
Abandoned
Listing Agency:
CENTURY 21 Commercial New Millennium
(703) 753-7910
Listed By:
Mark A Frisco Jr. · License #633534
(443) 532-8776
Source:
Cummingsrealtors
Added: Aug 6
Changed: Nov 8
Last Checked: Nov 8 at 5:53AM
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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Investment Insights
Based on property information with market context.
This 2,784-square-foot commercial condominium occupies a ground-level suite currently operating as a salon. The interior combines a large open salon area with multiple enclosed rooms, dedicated hallways, two private bathrooms, and substantial storage. Perimeter windows provide natural light, while ground-floor access supports convenient entry. A shared common area adds approximately 20' X 40' of additional usable space.
The layout can accommodate continued salon operations or conversion to spa, medical, dental, wellness, or professional office use. Private rooms range from approximately 8' X 8' to 17' X 15', supporting treatment, consultation, exam, operatory, or office configurations. Approximately 20 parking spaces serve the unit.
The property is located at 22335 Exploration Drive #1000 in Lexington Park, with proximity to NAS Patuxent River and surrounding commercial anchors. Built in 1986, the condominium offers an adaptable footprint for owner-users seeking a configurable commercial setting.
The layout can accommodate continued salon operations or conversion to spa, medical, dental, wellness, or professional office use. Private rooms range from approximately 8' X 8' to 17' X 15', supporting treatment, consultation, exam, operatory, or office configurations. Approximately 20 parking spaces serve the unit.
The property is located at 22335 Exploration Drive #1000 in Lexington Park, with proximity to NAS Patuxent River and surrounding commercial anchors. Built in 1986, the condominium offers an adaptable footprint for owner-users seeking a configurable commercial setting.
Key Highlights
- 2,784 SF ground‑level commercial condominium
- Current salon layout with open main area and multiple private rooms
- Private rooms range from approximately 8' X 8' to 17' X 15'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,530
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,600
$850.6K
Cap Rate 7%
$607,571
$607.6K
Cap Rate 9%
$472,556
$472.6K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$68.5K $24.60/SF
− Vacancy
−$11.8K −$4.23/SF
EGI
$56.7K $20.37/SF
− OpEx
−$14.2K −$5.09/SF
NOI
$42.5K $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%
$850,600
Cap Rate 7%
$607,571
Cap Rate 9%
$472,556
Alternative Uses
Best Use
Office B
$607.6K
$531.6K – $708.8K
NOI $42,530 @ 7.0% cap · market cap 9.15%
Second Best
Healthcare Medical
$556.9K
$487.3K – $649.7K
NOI $38,983 @ 7.0% cap · market cap 8.39%
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.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Hamilton Sherry E — 22454 Three Notch Rd #103, Lexington Park, MD 20653
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Flexible suite includes private rooms, bathrooms, storage, and parking for salon, clinical, or office configurations.
Where is this spa & wellness property located?
The property is located at 22335 EXPLORATION DRIVE #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; Current salon layout with open main area and multiple private rooms; Private rooms range from approximately 8' X 8' to 17' X 15'
