Restaurant Space with Equipped
For Sale
$399,000
46300 Lexington Village Way, Lexington Park, MD 20653
Established dining operation in Lexington Village Shopping Center with central air and available parking.
Property Size1,976 SF
Price / SF$201.92
Days on Market129
Property Features for 46300 Lexington Village Way
General Information
Standard status
Active
Size
1,976 SF
Additional Details
Business Included
Yes
Building Details
Year Built
2011
Listing Agency:
O'Brien Realty ERA Powered
(301) 863-2400
Listed By:
Monica M Jung · License #648255
Source:
Kandorre
Added: Apr 24
Changed: Aug 29
Last Checked: Aug 22 at 8:17AM
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 O'Brien Realty ERA Powered
Investment Insights
Based on property information with market context.
This 1,976-square-foot restaurant occupies a location within Lexington Village Shopping Center and includes a fully equipped kitchen, dining area, and central air. The space supports an existing Korean and Japanese restaurant concept and was built in 2011.
The property is positioned at 46300 Lexington Village Way in Lexington Park, Maryland, less than 1.9 miles from NAS Patuxent River. Shopping center parking and on-street parking are identified among the property features. Showings are available by appointment.
The property is positioned at 46300 Lexington Village Way in Lexington Park, Maryland, less than 1.9 miles from NAS Patuxent River. Shopping center parking and on-street parking are identified among the property features. Showings are available by appointment.
Key Highlights
- 1,976‑square‑foot restaurant in Lexington Village Shopping Center
- Equipped kitchen and dining area included
- Central air conditioning
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
$29,895
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
7.49%
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%
$597,900
$597.9K
Cap Rate 7%
$427,071
$427.1K
Cap Rate 9%
$332,167
$332.2K
Market Conditions
NOI Build-Up for 1,976 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
$48.6K $24.60/SF
− Vacancy
−$8.7K −$4.43/SF
EGI
$39.9K $20.17/SF
− OpEx
−$10.0K −$5.04/SF
NOI
$29.9K $15.13/SF
Area
St. Mary's County, MD
Vacancy
18.00%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
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%
$597,900
Cap Rate 7%
$427,071
Cap Rate 9%
$332,167
Alternative Uses
Best Use
Specialty Retail
$427.1K
$373.7K – $498.3K
NOI $29,895 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$732.8K
$641.2K – $854.9K
NOI $51,296 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
300k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 37%
Shops & Services 35%
Dining 19%
Home Improvements & Furnishings 6%
Marshalls
Apparel
37,877 visits/mo
0.3 miles
Kohl's
Apparel
37,751 visits/mo
0.1 miles
Wawa
Shops & Services
35,572 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
26,600 visits/mo
0.1 miles
Dollar Tree
Shops & Services
22,120 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established dining operation in Lexington Village Shopping Center with central air and available parking.
Where is this conventional restaurant located?
The property is located at 46300 Lexington Village Way Lexington Park, MD.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,976‑square‑foot restaurant in Lexington Village Shopping Center; Equipped kitchen and dining area included; Central air conditioning
