Automotive Property With Service
New
For Sale
$4,490,000
22380 & 22384 THREE NOTCH ROAD, Lexington Park, MD 20653
Mixed-use commercial site with an existing service center and flexible MXM zoning.
Property Size14,000 SF
Lot Size4.17 Acres
Price / SF$320.71
Days on Market6
Property Features for 22380 & 22384 THREE NOTCH ROAD
General Information
Standard status
Active
Size
14,000 SF
Lot size
4.17 Acres
Property subtype
MixedUse
Zoning
MXM
Site & Location
Traffic Count
31,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Service Bays
6
Taxes and HOA fees
Annual Taxes
$3,868
Amenities
site entrances
stormwater management
sewer
water
Building Details
Building Size
14,000 SF
Year Built
1962
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Thomas F. McKay · License ##5015207
(240) 298-3896
Source:
Barnesrealestatecompany
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 13 at 12:46PM
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 Berkshire Hathaway HomeServices PenFed Realty
Investment Insights
Based on property information with market context.
This automotive-oriented property combines two parcels totaling 4.17 acres with a 14,000-square-foot building at 22384 Three Notch Road. The building includes 7,000 square feet on the first floor and a 7,000-square-foot lower level, along with a service center equipped with 6 car lifts. The adjacent 22380 Three Notch Road parcel adds 0.45 acres to the assemblage.
The site offers 509+ feet of frontage along Three Notch Road (MD-235), with reported traffic volumes exceeding 31,000 AADT and 33,900+ AAWDT. Entrances, stormwater management, sewer, and water are already in place. MXM zoning supports automotive and marine sales and service, retail, flex space, office, and residential integration. The property is located directly north of Naval Air Station Patuxent River and NAVAIR in Lexington Park.
The site offers 509+ feet of frontage along Three Notch Road (MD-235), with reported traffic volumes exceeding 31,000 AADT and 33,900+ AAWDT. Entrances, stormwater management, sewer, and water are already in place. MXM zoning supports automotive and marine sales and service, retail, flex space, office, and residential integration. The property is located directly north of Naval Air Station Patuxent River and NAVAIR in Lexington Park.
Key Highlights
- 4.17 acres across two parcels, including 22380 and 22384 Three Notch Road
- 14,000 SF building with 7,000 SF first floor and 7,000 SF lower level
- Service center equipped with 6 car lifts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$135,240
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,704,800
$2.7M
Cap Rate 7%
$1,932,000
$1.9M
Cap Rate 9%
$1,502,667
$1.5M
Market Conditions
NOI Build-Up for 14,000 SF
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.
Gross rent
$210.0K $15.00/SF
− Vacancy
−$16.8K −$1.20/SF
EGI
$193.2K $13.80/SF
− OpEx
−$58.0K −$4.14/SF
NOI
$135.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,704,800
Cap Rate 7%
$1,932,000
Cap Rate 9%
$1,502,667
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.25M
NOI $135,240 @ 7.0% cap · market cap 3.01%
Second Best
Industrial
$1.86M
$1.62M – $2.17M
NOI $129,948 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$5.19M
$4.54M – $6.06M
NOI $363,435 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Service bays
31,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
85k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 24%
Beauty & Spa 4%
Hotels & Casinos 3%
Wawa
Shops & Services
35,572 visits/mo
0.5 miles
Navy Federal Credit Union
Shops & Services
15,970 visits/mo
0.4 miles
Buffalo Wild Wings
Dining
8,186 visits/mo
0.5 miles
Plaza Azteca
Dining
7,864 visits/mo
0.5 miles
Noodles & Company
Dining
4,187 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Automotive property - Mixed-use commercial site with an existing service center and flexible MXM zoning.
Where is this automotive property located?
The property is located at 22380 & 22384 THREE NOTCH ROAD Lexington Park, MD.
What is the asking price?
The asking price for this property is $4,490,000.
What are key features of this property?
This property features: 4.17 acres across two parcels, including 22380 and 22384 Three Notch Road; 14,000 SF building with 7,000 SF first floor and 7,000 SF lower level; Service center equipped with 6 car lifts
