23680 THREE NOTCH ROAD #202-B, Hollywood, MD 20636

Building Details

Year Built 2007 More

Tenancy Multi More

Listing Agency: CENTURY 21 Commercial New Millennium w***@c21nm.com Show Phone

Listed By: Mark A Frisco Jr. · License MD #633534 Show Phone

Source: Cummingsrealtors

Added: Aug 6 Changed: Nov 10 Last Checked: Nov 10 at 7:37AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Suite 202-B provides 920 square feet within a multi-tenant office building constructed in 2007. The layout includes four private offices, a reception or waiting area, a central hallway, and a private restroom. Large windows bring natural light into the work areas, while professionally maintained common areas contribute to a polished setting for staff and visitors.

The property fronts Three Notch Road, also designated MD Route 235, in Hollywood, Maryland. Its position between Leonardtown and California places the suite within reach of surrounding business and government offices, as well as Patuxent River Naval Air Station. On-site parking accommodates employees and visitors.

Key Highlights

• 920 SF office suite in a multi‑tenant building
• Four private offices with reception or waiting area
• Private restroom and central hallway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$283,534

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,670,680 $5.7M

Cap Rate 7%

$4,050,486 $4.1M

Cap Rate 9%

$3,150,378 $3.2M

What to ask about pricing

Market Conditions

NOI Build-Up for 18,560 SF

Gross rent

$456.6K $24.60/SF

− Vacancy

−$78.5K −$4.23/SF

EGI

$378.0K $20.37/SF

− OpEx

−$94.5K −$5.09/SF

NOI

$283.5K $15.28/SF

Area

St. Mary's County, MD

Vacancy

17.20%

Lease Rate

$24.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,670,680

Cap Rate 7%

$4,050,486

Cap Rate 9%

$3,150,378

Alternative Uses

Best Use

Office B

$4.05M

$3.54M – $4.73M (±1% cap)

NOI $283,534 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$6.88M

$6.02M – $8.03M (±1% cap)

NOI $481,811 @ 7.0% cap

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

Consulting Ophthalmologists, LLC Ophthalmologist Marcel Brooks Optometry Physician Edward Jones - Financial ... Financial Advisor Crossroads Creative Counseling Counselor

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Pharmacy Law Firm Nail Salon Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

303

Businesses Nearby

Explore this area Business Placement

Demographics for 20636, MD

10,615

Population

3,906

Households

2.7

Avg Household Size

40

Median Age

37%

College-Educated

90%

High-School Grad

34.4 sq mi

ZIP Area

309

Density / Sq Mi

$159,800

Median Household Income

$75,762

Median Earnings

$1,158

Median Rent

$470,300

Median Home Value

Market

Average Price Trend$/SF for Office Units in St. Mary's County, MD

$169 Jul

$170 Aug

$132 Sep

$132 Oct

Properties on Market for Office Units in St. Mary's County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Office unit - Four private offices, reception space, natural light, and on-site parking support professional office operations.

Where is this office unit located?

The property is located at 23680 THREE NOTCH ROAD #202-B Hollywood, MD.

What are key features of this property?

This property features: 920 SF office suite in a multi‑tenant building; Four private offices with reception or waiting area; Private restroom and central hallway