Ground-Floor Medical Office
22335 Exploration Dr Unit 1010 Lexington Park, MD 20653
New
22335 Exploration Dr Unit 1010, Lexington Park, MD, 20653
$269,900
For Sale
$269,900
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 Market2
Property Features for 22335 Exploration Dr Unit 1010
General Information
- Standard status
- Active
- Size
- 1,574 SF
Building Details
- Year Built
- 1986
Listing agency
CENTURY 21 Commercial New Millennium
(443) 532-8776
Listed by
Mark A Frisco Jr. · License #633534
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 8:04AM Checked: Jul 22 at 8:04AM
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Ground-level suite with multiple private rooms, reception area, and two bathrooms in a professional building with dedicated parking.
Where is this office units 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
