Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18783 3rd Notch Rd Lexington Park, MD 20653-3605
    Property profile & analytics

    18783 3rd Notch Rd, Lexington Park, MD 20653-3605

    View on Map
    • Auto shops
    • 10,000 SF
    • 5.23 lot acres
    Off-Market
    Property ID
    US40-0232451
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 18783 3rd Notch Rd

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    5.23 lot acres
    Zone code
    RCL
    Property type
    Auto shops
    APN
    01-012711
    APU
    1012711

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 30, 2019 — Kessler Body & Equipment LLC Kessler Body & Equipment LLC Correction Deed · related $250k · Old Line Bk
    — — Kessler Body & Equipment LLC — Deed Of Trust · related $250k · Old Line Bk
    — — Kessler Body & Equipment LLC — Deed Of Trust · related $100k · Old Line Bk
    — — Kessler Body & Equipment LLC — Deed Of Trust · related $100k · Old Line Bk
    — — Kessler Body & Equipment LLC — Deed Of Trust · related $149k · Old Line Bk
    — — Kessler Body & Equipment LLC — Deed Of Trust · related $50k · Mercantile Southern Md Bank
    — — Kessler Body & Equipment LLC — Deed Of Trust · related $203k · First National Bank St Marys
    — — Kessler Body & Equipment LLC — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $505,000
      Market price range: $506k - $1.67M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lexington Park
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.3889
    Latitude
    38.1832
    CBSA code
    15680
    CBSA name
    CALIFORNIA-LEXINGTON PARK, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,054
    $183,900
    $678,900
    $862,800
    -
    $183,900
    $678,900
    $862,800

    Comparable in this City

    • Value Estimation by Request
      4,046 SF

      22132 Pegg Rd

      AUTO REPAIR, GARAGE
      22132 Pegg Rd, Lexington Park, MD 20653-2995
      View Details
    • Value Estimation by Request
      2,120 SF

      21768 Coral Dr

      AUTO REPAIR, GARAGE
      21768 Coral Dr, Lexington Park, MD 20653-4003
      View Details
    • Value Estimation by Request
      2,968 SF

      22352 3rd Notch Rd

      AUTO REPAIR, GARAGE
      22352 3rd Notch Rd, Lexington Park, MD 20653-2003
      View Details
    • Value Estimation by Request
      2,964 SF

      22440 3rd Notch Rd

      AUTO REPAIR, GARAGE
      22440 3rd Notch Rd, Lexington Park, MD 20653-2007
      View Details
    • Value Estimation by Request
      1,440 SF

      21488 Great Mls Rd

      AUTO REPAIR, GARAGE
      21488 Great Mls Rd, Lexington Park, MD 20653-1203
      View Details
    • Value Estimation by Request
      3,750 SF

      21735 3rd Notch Rd

      AUTO REPAIR, GARAGE
      21735 3rd Notch Rd, Lexington Park, MD 20653-4099
      View Details

    Similar Nearby for Sale

    • 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
    • $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

    Similar Nearby for Lease

    • Contact for pricing
      7,750 SF

      High-Visibility Endcap Space For Sale

      7,750 SF endcap with pylon sign on Three Notch Road.
      Lexington, Lexington Park, MD 20653
      View Details
    • Contact for pricing

      Retail Space Ready for Occupancy

      Retail space suitable for a hair salon or barber shop.
      21640 N Essex Dr, Lexington Park, MD 20653
      View Details
    • Contact for pricing
      22,000 SF

      Retail Space in Lexington Park

      22000 SF retail property available for lease.
      21600 Great Mills Rd, Lexington Park, MD 20653
      View Details
    • Contact for pricing
      7,750 SF

      22,000 SF Retail Building

      22,000 SF retail building for lease on 1.3 acres.
      22654 Three Notch Rd, Lexington Park, MD 20653
      View Details
    • $3 SF/Yr

      Retail Space on Great Mills

      Retail space in high-traffic area with strong exposure.
      21640 Great Mills Rd, 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.
    18783 3rd Notch Rd
    Lexington Park, MD 20653-3605
    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

    Thank You for Inquiry
    18783 3rd Notch Rd, Lexington Park, MD, 20653
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!