Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21865 Three Notch Rd Lexington Park, MD 20653

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21865 Three Notch Rd Lexington Park, MD 20653

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 21865 Three Notch Rd

    Year built
    1945
    Property type
    Retail properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional mixed-use property, located at 21865 Three Notch Road in Lexington Park, Maryland, 20653, presents a unique investment opportunity. Built in 1945 and zoned DMX, this property boasts a prime location between NAS Patuxent River Gate 1 and Gate 2, experiencing high traffic volume with over 30,000 cars passing daily. Its proximity to a large retail center undergoing extensive renovations offers significant potential for capturing a substantial customer base. The property features ample office space, two bathrooms, and a private employee entrance, ensuring both convenience and privacy. The high visibility and easy access, coupled with plentiful parking, make this an attractive option for a wide range of businesses. Ideal uses include professional services (physician, dentist, accountant, attorney), retail establishments (florist, hair salon, barber shop), or even a daycare or investment firm. The asking price is $650,000. This property offers a blend of established infrastructure and high growth potential in a thriving commercial area. Don't miss this chance to secure a valuable asset in a high-traffic location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington Park
    County
    St Mary's
    State
    Maryland
    Longitude
    -76.4577
    Latitude
    38.2677

    Comparable in this City

    • Value Estimation by Request
      9,342 SF

      Great Ml Rd & Chancellors Run Rd

      Retail properties & Spaces • 9,342 SF
      0 Great Ml Rd & Chancellors Run Rd, Lexington Park, MD 20653
      View Details
    • Value Estimation by Request
      6,854 SF

      21290 Great Mills Rd

      Retail properties & Spaces • 6,854 SF
      21290 Great Mills Rd, Lexington Park, MD 20653
      View Details
    • Value Estimation
      $5,365,000
      87,552 SF

      46240 Lexington Vlg Way

      DEPARTMENT STORE • 87,552 SF
      46240 Lexington Vlg Way, Lexington Park, MD 20653-5540
      View Details
    • Value Estimation by Request

      21544 Great Mills Rd

      Retail properties & Spaces
      21544 Great Mills Rd, Lexington Park, MD 20653
      View Details
    • Value Estimation
      $505,000
      3,037 SF

      22672 3rd Notch Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,037 SF
      22672 3rd Notch Rd, Lexington Park, MD 20653-2154
      View Details
    • Value Estimation by Request
      4,010 SF

      21367 Great Mls Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,010 SF
      21367 Great Mls Rd, Lexington Park, MD 20653-5390
      View Details

    Similar Nearby for Sale

    • $575,000

      Prime Commercial Opportunity on Three Notch

      High-visibility commercial property near NAS Patuxent River.
      21865 Three Notch Rd, Lexington Park, MD 20653
      View Details
    • $399,000

      Restaurant in Lexington Village Center

      Highly-rated Korean & Japanese restaurant for sale near NAS Patuxent.
      46300 Lexington Village Way, Lexington Park, MD 20653
      View Details
    • Contact for pricing
      5,000 SF

      New Restaurant with Gas Pumps

      New construction restaurant with gas pumps and long-term corporate lease.
      22606 Three Notch Rd, Lexington Park, MD 20653
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Retail Near Naval Station

      Retail space near Route 235 and Patuxent River Naval Station.
      21800 N Shangri-La Dr, Lexington Park, MD 20653
      View Details
    • $1,000 /Mo

      Renovated Office Space with Visibility

      Renovated office space with road frontage, signage, and ample parking.
      21394 Great Mills Rd, Lexington Park, MD 20653
      View Details
    • Contact for pricing
      16,906 SF

      Plug and Play Office Space

      Single story office near Naval Air Station Patuxent River.
      46950 Bradley Blvd, Lexington Park, MD 20653
      View Details
    • $1,600 /Mo

      Office Space on Route 235

      Small office space with ample parking and high visibility.
      22598 Three Notch Rd, Lexington Park, MD 20653
      View Details
    • Contact for pricing

      Lexington Park Office Suites

      Two 10,500 SF office suites for lease.
      46611-46621 Corporate Dr, Lexington Park, MD 20653
      View Details
    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.
    21865 Three Notch Rd
    Lexington Park, MD 20653
    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!