Ground-Floor Medical Office
For Sale
$269,900
22335 Exploration Dr Unit 1010, Lexington Park, MD 20653
Ground-level suite with multiple private rooms, reception area, and two bathrooms in a professional building with dedicated parking.
Property Size1,574 SF
Price / SF$171.47
Days on Market93
Property Features for 22335 Exploration Dr Unit 1010
General Information
Standard status
Active
Size
1,574 SF
Total Parking Spaces
20
Building Details
Year Built
1986
Listing Agency:
CENTURY 21 Commercial New Millennium
Listed By:
Mark A Frisco Jr. · License #633534
(443) 532-8776
Source:
Danmarpropertiesgroup
Added: Jul 21
Changed: Oct 14
Last Checked: Oct 7 at 5:06PM
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 ground-floor commercial condo offers approximately 1,574 square feet of well-appointed space designed for client-facing operations. The suite features a welcoming reception or waiting area, a central hallway layout, and 7 private offices or exam rooms. Two bathrooms are included, with one bathroom having a full shower. A larger flex office with built-in shelving and workspace rounds out the interior configuration. The space also includes wood-style flooring, neutral finishes, and abundant natural light. The plumbing and electrical systems are noted as remaining intact from its most recent spa/massage therapy use, with prior use as a dental office.
The property is located at 22335 Exploration Dr, Unit 1010, within the Exploration Building in Lexington Park. The suite is fully accessible and positioned for easy entry, and the offering includes approximately 20 dedicated parking spaces for employees and visitors.
Contiguous spaces may be available, creating an opportunity to expand beyond the current suite depending on availability.
The property is located at 22335 Exploration Dr, Unit 1010, within the Exploration Building in Lexington Park. The suite is fully accessible and positioned for easy entry, and the offering includes approximately 20 dedicated parking spaces for employees and visitors.
Contiguous spaces may be available, creating an opportunity to expand beyond the current suite depending on availability.
Key Highlights
- 1,574 SF ground‑level commercial condo in the Exploration Building, built in 1986
- Suite includes 7 private offices or exam rooms plus a reception/waiting area
- 2 bathrooms, including one with a full shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,045
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,900
$480.9K
Cap Rate 7%
$343,500
$343.5K
Cap Rate 9%
$267,167
$267.2K
Market Conditions
NOI Build-Up for 1,574 SF
Gross rent
$38.7K $24.60/SF
− Vacancy
−$6.7K −$4.23/SF
EGI
$32.1K $20.37/SF
− OpEx
−$8.0K −$5.09/SF
NOI
$24.0K $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%
$480,900
Cap Rate 7%
$343,500
Cap Rate 9%
$267,167
Alternative Uses
Best Use
Office B
$343.5K
$300.6K – $400.8K
NOI $24,045 @ 7.0% cap · market cap 8.91%
Second Best
Healthcare Medical
$314.9K
$275.5K – $367.3K
NOI $22,040 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$583.7K
$510.8K – $681.0K
NOI $40,860 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
399
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 unit - Ground-level suite with multiple private rooms, reception area, and two bathrooms in a professional building with dedicated parking.
Where is this office unit located?
The property is located at 22335 Exploration Dr Unit 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: 1,574 SF ground‑level commercial condo in the Exploration Building, built in 1986; Suite includes 7 private offices or exam rooms plus a reception/waiting area; 2 bathrooms, including one with a full shower
