Medical Office
For Sale
$250,000
22888 THREE NOTCH Road, Lexington Park, MD 20653
Commercial Sale, LEXINGTON PARK, MD
Property Size1,582 SF
Lot Size0.04 Acres
Price / SF$158.03
Days on Market141
Property Features for 22888 THREE NOTCH Road
General Information
Property type
Other
Property subtype
Office
Parking
5
Parking features
Parking Lot
Elementary school district
ST. MARY'S COUNTY PUBLIC SCHOOLS
Middle school district
ST. MARY'S COUNTY PUBLIC SCHOOLS
High school district
ST. MARY'S COUNTY PUBLIC SCHOOLS
Standard status
Active
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3133
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Amenities
coffe service bar
ADA-compliant restroom
elevator access
Building Details
Year built
2007
Number of units
1
Building materials
Brick, Stick Built
Listing Agency:
Hooper & Associates
Listed By:
Anne M Hooper · License #628757
(301) 870-5841
Added: Jun 11
Changed: Oct 27
Last Checked: Oct 29 at 8:06AM
MLS# MDSM2031784
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,582 SF +/- office condominium is located in a 2007 brick office building designed for medical and professional use. The suite offers an open floor plan, a coffee service bar, abundant natural light, and an ADA-compliant restroom. Building amenities include a tiled lobby, elevator access, and a parking lot for tenants and visitors. Heating is provided by electric heat and a heat pump, with heat pump cooling.
The property is positioned near Patuxent River Naval Air Station and provides access to Three Notch Road, also designated MD Route 235. The corridor records exposure to more than 65,000 vehicles per day, providing a prominent commercial setting in Lexington Park.
The property is positioned near Patuxent River Naval Air Station and provides access to Three Notch Road, also designated MD Route 235. The corridor records exposure to more than 65,000 vehicles per day, providing a prominent commercial setting in Lexington Park.
Key Highlights
- 1,582 SF +/- office condominium
- 2007 brick office building with tiled lobby and elevator
- Open floor plan with coffee service bar and abundant natural light
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
65,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
470
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office condominium with an open layout, natural light, elevator access, and on-site parking.
Where is this office unit located?
The property is located at 22888 THREE NOTCH Road 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 SF +/- office condominium; 2007 brick office building with tiled lobby and elevator; Open floor plan with coffee service bar and abundant natural light
