Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23647 Oak Vw Dr California, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex/R&D space available near Patuxent Naval Air Station.

    Type:FLEX_R_AND_D
    Property size:
    3,046 SF
    Lot size:
    134.33 Acres
    Added:
    Mar 18, 2025
    Days on Market:
    409
    Last Refresh:
    Apr 5 at 10:27 pm

    Property Features for 23647 Oak Vw Dr

    General Information

    Standard status
    Active
    Size
    3,046 SF
    Lot size
    134.33 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 23647 Oak Vw Dr Contact us

    We can help!

    Listing Contact
    Mike White

    Listing agent Mike White

    Listing office St. John Properties - Corporate

    Listing date Mar 18, 2025

    Source Moodyscre

    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 St. John Properties - Corporate

    Overview

    Flex/R&D Space For Rent

    Lexington Exchange, situated along Three Notch Road (Route 235) near the intersection of Maryland Routes 4 and 235 in California, Maryland, offers flex/R&D space for rent. This 140-acre St. Mary’s County business community will include over 600,000 square feet of flex/R&D and retail space, with pad site opportunities. The property is located minutes from Patuxent Naval Air Station, which employs over 20,000 military and civilian personnel. The building features brick on block construction and provides parking at a ratio of 4 spaces per 1,000 square feet. The available space features an 18 ft. clear minimum ceiling height, drive-in and dock loading. The zoning is MXM. The property size is 3,046 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Firehouse Subs Lexington Park — 22755 Maple Rd, Lexington Park, MD 20653

    Location Insight

    • Map
    • Local Demand
    City
    California
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.5075
    Latitude
    38.3004

    Nearby Similar for Lease

    • Contact for pricing

      Second Floor Unit For Rent

      850 sqft unit near PAX River Naval Base.
      45370 ALTON Ln 201, California, MD 20619
      View Details
    • $2,300/Mo

      Retail Space in Hickory Hills

      Retail space for rent in Hickory Hills Shopping Center.
      22741 Three Notch Rd #4, California, MD 20619
      View Details
    • Contact for pricing

      Professional Office Space For Rent

      Improved office space in California, MD, ideal for professionals.
      23127 Three Notch Rd Ste 103, California, MD 20619
      View Details
    • Contact for pricing

      Flex Space with Lab and Office

      Flex space featuring office, lab, and dock door.
      23567 Oak Vw Dr, California, MD
      View Details
    • $216 SF/Yr

      Retail/Office Space Near PAX River

      Retail or office space with high visibility on Rt 235.
      45370 Alton Ln, California, MD 20619
      View Details
    • $14 SF/Yr

      Retail Spaces Available For Lease

      Retail spaces for lease with high visibility corner location.
      22811 Three Notch Rd, California, MD
      View Details
    • Contact for pricing

      Retail Space Near Naval Air

      Retail space available near Patuxent Naval Air Station.
      23344 Three Notch Rd, California, MD
      View Details
    • Contact for pricing

      Retail Pad Site For Rent

      Up to 1.04 acre pad site available for rent.
      44790 Oak Crst Rd, California, MD
      View Details
    • $22 SF/Yr

      Class B Office Building

      Class B office building with strong defense contractor presence.
      23330 Cottonwood Pkwy, California, MD
      View Details
    • Contact for pricing

      Flex/Industrial Space For Rent

      Flex/Industrial space featuring dock and drive-in doors.
      23619 Oak Crest Dr, California, MD
      View Details
    • Contact for pricing

      Flex/R&D Space Available

      New flex/R&D space featuring 18' clear heights.
      23566 Oak Vw Dr, California, MD
      View Details
    • Contact for pricing

      Retail Space in Regional Center

      Retail spaces available in a regional shopping center.
      23415 Three Notch Rd, California, MD 20619
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex/R&D space available near Patuxent Naval Air Station.
    Where is this flex space located?
    The property is located at 23647 Oak Vw Dr California, MD.
    What are key features of this property?
    This property features: Proximity to Patuxent Naval Air Station (over 20,000 personnel); Located on Route 235 near the intersection of Routes 4 and 235; Part of a 140‑acre business community with over 600,000 sq ft of flex/R&D and retail space
    (410) 788-0100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike White
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!