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    29940 Three Notch Rd Charlotte Hall, MD 20622

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    For Lease
    Contact for pricing

    Prime MD medical/retail land. Build-to-suit available.

    Lot size:
    43,560 SF

    Property Features for 29940 Three Notch Rd

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF

    Spaces For Lease

    at 29940 Three Notch Rd, Charlotte Hall, MD 20622 Contact us

    We can help!

    Listing Contact
    Chris Shasho
    Chris Shasho

    Listing Agent: Chris Shasho

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 1-acre commercial land parcel, located at 29940 Three Notch Rd, Charlotte Hall, MD 20622, presents a unique investment opportunity. Situated in St. Mary's County, this property offers one available space ideal for various uses, including medical offices, traditional office space, and retail establishments. The property is designated as Land, Retail, and Office, accommodating multiple tenants. The site benefits from its strategic location, with prominent national retailers already committed to the development. Aldi and Chick-fil-A are slated to open soon, ensuring high visibility and significant foot traffic for future tenants. Chipotle is also opening soon, further enhancing the area's appeal and drawing a diverse customer base. The pricing is flexible and determined by the specific lot size selected. A build-to-suit option is available, allowing for customized construction to meet the precise needs of the prospective tenant. This presents a rare chance to establish a presence in a rapidly growing commercial area with strong anchor tenants. Don't miss this opportunity to secure a prime location in this thriving community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cream Of The Crop Nursery Garden Center Hooks & Hangers II Discount Store 29940 Three Notch ... Parking Lot & Garage FedEx Drop Box Postal Service Encounter Christian Center Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte Hall
    County
    St Mary's
    State
    Maryland
    Longitude
    -76.7739203
    Latitude
    38.4909278

    Nearby Similar for Lease

    • Contact for pricing
      93,654 SF

      Charlotte Hall Retail Spaces for Lease

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      30320 Triangle Dr, Charlotte Hall, MD 20622
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    • Contact for pricing
      604,612 SF

      Charlotte Hall Retail Pad Sites

      Prime Retail Pads: Lease or Buy
      29660 Three Notch Rd, Charlotte Hall, MD 20622
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    • Contact for pricing
      10,824 SF

      Charlotte Hall Retail Opportunity

      Prime Retail Space, Pad Sites Available
      0 Charlotte Hall Md, Charlotte Hall, MD 20622
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    FAQs

    What type of property is this?
    Medical Office Space - Prime MD medical/retail land. Build-to-suit available.
    Where is this medical office space located?
    The property is located at 29940 Three Notch Rd Charlotte Hall, MD.
    What are key features of this property?
    This property features: 1-acre commercial land parcel at 29940 Three Notch Rd, Charlotte Hall, MD 20622.; Suitable for medical, office, or retail uses; multi-tenant capacity.; Prime location with Aldi, Chick-fil-A, and Chipotle nearby, ensuring high visibility and foot traffic.
    (301) 632-6320 Call to check price and availability
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    29940 Three Notch Rd Charlotte Hall, MD 20622
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    Charlotte Hall, MD 20622
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    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
    29940 Three Notch Rd Charlotte Hall, MD 20622
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Shasho
    Chris Shasho
    Real Estate License ID: 534330
    (301) 632-6320 (301) 643-6612
    Learn more
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