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    Property profile & analytics

    21078 3rd Notch Rd Lexington Park, MD 20653

    • Outlet malls
    • 5,124 SF
    • 43.78 lot acres
    OFF-MARKET
    Value Estimations
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2297993
    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.

    Current Use by Public Records

    • Outlet malls

    Property Details for 21078 3rd Notch Rd

    Year built
    2011
    Construction
    WOOD
    Lot size
    43.78 lot acres
    Property size
    5,124 SF
    Zone code
    RPD
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    08-173109
    APU
    8173109

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $825,000
      6.5%
      $760,000
      7%
      $705,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $417,000
      Market price range: $150k - $418k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $865,000
      Current use
      AUTO REPAIR, GARAGE
      $1,125,000
      Change: +30% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington Park
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.4191
    Latitude
    38.2477
    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
    $0.00
    $763,600
    $317,300
    $1,080,900
    -
    $763,600
    $317,300
    $1,080,900

    Comparable in this City

    • Value Estimation
      $1,415,000
      7,480 SF

      21605 Great Mls Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 7,480 SF
      21605 Great Mls Rd, Lexington Park, MD 20653-4255
      View Details
    • Value Estimation
      $870,000
      8,456 SF

      22664 3rd Notch Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 8,456 SF
      22664 3rd Notch Rd, Lexington Park, MD 20653-2154
      View Details
    • Value Estimation
      $1,000,000
      8,000 SF

      22755 Maple Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 8,000 SF
      22755 Maple Rd, Lexington Park, MD 20653-6355
      View Details
    • Value Estimation by Request
      1,512 SF

      21036 Great Mls Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 1,512 SF
      21036 Great Mls Rd, Lexington Park, MD 20653-4381
      View Details
    • Value Estimation
      $685,000
      5,624 SF

      21600 Great Mls Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 5,624 SF
      21600 Great Mls Rd, Lexington Park, MD 20653-1242
      View Details
    • Value Estimation
      $1,470,000
      9,230 SF

      21411 Great Mls Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,230 SF
      21411 Great Mls Rd, Lexington Park, MD 20653-4246
      View Details

    Similar Nearby for Sale

    • $399,000

      Restaurant in Lexington Village Center

      Highly-rated Korean & Japanese restaurant for sale near NAS Patuxent.
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    • $2,380,000

      Former Car Dealership & Service

      24,000 SF former car dealership on 4.12 acres.
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    • $1,100,000

      Gas Station with Auto Repair

      Well-maintained gas station with auto repair and convenience store.
      21697 Great Mills Rd, Lexington Park, MD 20653
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    • $7,568,545
      5,000 SF

      Lexington Park 7-Eleven Investment

      High-yield, NNN-leased 7-Eleven gas station.
      22606 Three Notch Rd, Lexington Park, MD 20653
      View Details
    • $2,380,000

      Former Car Dealership on 4.12 Acres

      24,000 SF former car dealership on 4.12 acres.
      21575 Great Mills Rd, Lexington Park, MD 20653
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    • $650,000

      Lexington Park Mixed-Use Property

      High-visibility commercial space, ideal for various uses.
      21865 Three Notch Rd, Lexington Park, MD 20653
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    Similar Nearby for Lease

    • Contact for pricing
      39,648 SF

      Lexington Park Retail Opportunity

      Prime Retail Space, High Traffic Location
      22065 Three Notch Rd, Lexington Park, MD 20653
      View Details
    • Contact for pricing
      9,342 SF

      Great Mills Retail Center: Prime Location

      9,342 SF Retail Space - New Development
      0 Great Ml Rd & Chancellors Run Rd, 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
      4,085 SF

      Lexington Park Retail Space

      4,085 SF Retail Building, Great Location
      21544 Great Mills Rd, Lexington Park, MD 20653
      View Details
    • Contact for pricing

      High-Visibility Endcap Space For Sale

      7,750 SF endcap with pylon sign on Three Notch Road.
      22664 Three Notch Rd, Lexington Park, MD 20653
      View Details

    Property Visit Statistics

    • Visits by month
      2.0k
    • Visitors by month
      1.0k
    • Avg Time on site
      31 min
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    Lexington Park, MD 20653
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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
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