Office Condominium with
22888 THREE NOTCH RD #301 301, Lexington Park, MD 20653
For Sale
New
$250,000
The unit has an open layout, a coffee service bar, and an ADA-compliant restroom.
Property Size1,582 SF
Price / SF$158.03
Days on Market2
Property Features for 22888 THREE NOTCH RD #301 301
General Information
Standard status
Size
Class
Elevators
Additional Details
Road Access
Property Use
Amenities
coffee service bar
abundant natural light
ADA-compliant restroom
elegant tiled lobby entrance
Building Details
Construction
Listing Agency:
Hooper & Associates
(301) 870-5841
Listed By:
Anne M Hooper · License #628757
(443) 977-9613
Source:
Opal-realestate
Added: Nov 6
Last Checked: Nov 6 at 2:44PM
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 Hooper & Associates
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Investment Insights
Based on property information with market context.
This 1,582-square-foot office condominium is in the Keystone Building at 22888 Three Notch Road, Suite 301. Its open floor plan includes a coffee service bar, natural light, and an ADA-compliant restroom. Building features include an all-brick exterior, a tiled lobby, elevator access, and on-site parking for tenants and visitors.
The property fronts Three Notch Road (MD Route 235), a commercial corridor with reported traffic of more than 65,000 vehicles per day. Patuxent River Naval Air Station is a short drive away. The building is positioned for medical, professional, or service-oriented office use.
The property fronts Three Notch Road (MD Route 235), a commercial corridor with reported traffic of more than 65,000 vehicles per day. Patuxent River Naval Air Station is a short drive away. The building is positioned for medical, professional, or service-oriented office use.
Key Highlights
- 1,582‑square‑foot office condominium in the Keystone Building
- Open floor plan with coffee service bar and natural light
- ADA‑compliant restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,152
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,040
$443.0K
Cap Rate 7%
$316,457
$316.5K
Cap Rate 9%
$246,133
$246.1K
Market Conditions
NOI Build-Up for 1,582 SF
Gross rent
$41.8K $26.40/SF
− Vacancy
−$4.8K −$3.06/SF
EGI
$36.9K $23.34/SF
− OpEx
−$14.8K −$9.34/SF
NOI
$22.2K $14.00/SF
Area
St. Mary's County, MD
Vacancy
11.60%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,040
Cap Rate 7%
$316,457
Cap Rate 9%
$246,133
Alternative Uses
Best Use
Office B
$345.3K
$302.1K – $402.8K
NOI $24,168 @ 7.0% cap · market cap 9.67%
Second Best
Healthcare Medical
$316.5K
$276.9K – $369.2K
NOI $22,152 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$586.7K
$513.4K – $684.5K
NOI $41,068 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
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
$341,900
Median Home Value
Market
Average Price Trend$/SF for Office Units in St. Mary's County, MD
Properties on Market for Office Units in St. Mary's County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The unit has an open layout, a coffee service bar, and an ADA-compliant restroom.
Where is this office unit located?
The property is located at 22888 THREE NOTCH RD #301 301 Lexington Park, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,582‑square‑foot office condominium in the Keystone Building; Open floor plan with coffee service bar and natural light; ADA‑compliant restroom
