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

    22769 3rd Notch Rd California, MD 20619-3073

    • Motels
    • 54,651 SF
    • 2.68 lot acres
    OFF-MARKET
    Last Sale
    Sep 20, 2021
    $6,050,000
    Value Estimations
    $6,070,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-2374448
    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

    • La Quinta Inn & Suites by Wyndham Lexington Park - Patuxent / Hotel & Motel

    Property Details for 22769 3rd Notch Rd

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.68 lot acres
    Property size
    54,651 SF
    Zone code
    CMX
    Property type
    Motels
    APN
    08-012075
    APU
    8012075

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $3,835,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,620,000
      6.5%
      $6,110,000
      7%
      $5,675,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $8,260,000
      WAREHOUSE, STORAGE
      $7,965,000
      COMMERCIAL (GENERAL)
      $5,735,000
      AUTO REPAIR, GARAGE
      $5,475,000
      RESTAURANT
      $4,165,000
      OFFICE BUILDING
      $3,965,000

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

    Location Insight

    • Map
    • Local Demand
    City
    California
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.497
    Latitude
    38.2922
    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
    $46,391
    $856,500
    $3,533,300
    $4,389,800
    -
    $856,500
    $3,533,300
    $4,389,800

    Comparable in this City

    • Value Estimation
      $2,215,000
      36,188 SF

      23428 3rd Notch Rd

      MOTEL • 36,188 SF
      23428 3rd Notch Rd, California, MD 20619-6019
      View Details
    • Value Estimation
      $1,440,000
      21,662 SF

      22801 3rd Notch Rd

      MOTEL • 21,662 SF
      22801 3rd Notch Rd, California, MD 20619-3153
      View Details
    • Value Estimation
      $2,060,000
      32,400 SF

      44941 Worth Ave

      MOTEL • 32,400 SF
      44941 Worth Ave, California, MD 20619-2419
      View Details
    • Value Estimation
      $4,195,000
      69,657 SF

      45260 Abell House Ln

      HOTEL • 69,657 SF
      45260 Abell House Ln, California, MD 20619-3213
      View Details
    • Value Estimation by Request
      5.62 Acres

      Worth Ave

      VACANT COMMERCIAL LAND • 5.62 Acres
      Worth Ave, California, MD 20619
      View Details
    • Value Estimation by Request
      2.94 Acres

      Oak Crst Rd

      INDUSTRIAL (GENERAL) • 2.94 Acres
      Oak Crst Rd, California, MD 20619
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Office Space, Route 235

      Modern Office Suite - All-Inclusive Lease
      23127 Three Notch Rd, California, MD 20619
      View Details
    • $86,900
      1.68 Acres

      Residential Land in California, MD

      1.68 acre lot ready for building in California, MD.
      22020 Victorian Dr, California, MD 20619
      View Details
    • $3,200,000
      4.44 Acres

      Prime Commercial Land Opportunity

      4.4 acre commercial land parcel in high-growth area.
      3 Notch Rd & Md Rt 4, California, MD 20619
      View Details
    • $70,000

      Land For Sale

      Land available for purchase in California, Maryland.
      Kingston Creek Rd, California, MD 20619
      View Details
    • $430,000

      Granite Way Specialty Property

      Specialty property available for sale on Granite Way.
      44087 Granite Way, California, MD 20619
      View Details
    • $449,000

      Hickory Hollow Land For Sale

      Land available on Hickory Hollow Lane in California, Maryland.
      23272 Hickory Hollow Ln, California, MD 20619
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      2,500 SF

      Retail Spaces Available For Lease

      Retail spaces for lease with high visibility corner location.
      22811 Three Notch Rd, California, MD 20619
      View Details
    • Contact for pricing
      5,376 SF

      Retail Space Near Naval Air

      Retail space available near Patuxent Naval Air Station.
      23344 Three Notch Rd, California, MD 20619
      View Details
    • Contact for pricing
      759 SF

      Wildwood Condo Available for Rent

      Well-maintained 1 bed, 1 bath condo in desirable Wildwood neighborhood.
      23243 Rosewood Ct, California, MD 20619
      View Details
    • Contact for pricing
      8,175 SF

      Pad Site on Three Notch

      Up to 2.01 acres of land for lease.
      23382 Three Notch Rd, California, MD 20619
      View Details
    • Contact for pricing
      153,229 SF

      Laurel Glen Shopping Center: Prime Retail

      Maryland Shopping Center: Multiple Suites Available
      45315 Alton Ln, California, MD 20619
      View Details
    • Contact for pricing
      264,134 SF

      Patuxent Crossing Retail Center

      Maryland Retail Space: 17 Units Available
      27355 Macarthur Blvd, California, MD 20619
      View Details

    Property Visit Statistics

    • Visits by month
      2.7k
    • Visitors by month
      1.5k
    • Avg Time on site
      388 min
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    22769 3rd Notch Rd
    California, MD 20619-3073
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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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