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    23098 Three Notch Rd California, MD 20619
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    23098 Three Notch Rd, California, MD 20619

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    • Mixed-use properties
    • 3,530 SF
    • 4.95 lot acres
    Off-Market
    Property ID
    US40-1442206
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 23098 Three Notch Rd

    Year built
    1951
    Lot size
    4.95 lot acres
    Property type
    Mixed-use properties

    Description

    Exceptional investment opportunity in St. Mary's County, MD. This nearly 5-acre mixed-use property at 23098 Three Notch Road boasts 3,530 square feet and offers significant development potential for high-density residential or retail uses. The property benefits from dual road frontage: Highway access on Route 235 and rear access on Potter Drive, providing excellent visibility and accessibility. Its strategic location across from an established shopping center and restaurants positions it as a cornerstone for future development along this corridor. The property is conveniently located near St. Marys County Airport (with a 4000 ft. runway), Solomon Island, and major towns including Leonardtown, Hollywood, and Lexington Park, as well as Naval Air Station Patuxent River. Multiple public, private, and parochial schools are also nearby. Currently featuring three separate apartments (as-is), the property is zoned mixed commercial/residential. Municipal sewer and water connections (Metcom) are available. Preliminary information suggests multiple single-family residential construction sites on the Potter Drive section, and multi-family residential, commercial/retail, and higher-density residential opportunities on the Route 235 section. The property is offered for sale to individual buyers ($1,500,000 minimum) or to investors/developers/builders ($900,000 down payment with seller participation). A wide range of permitted uses includes, but is not limited to: fuel sales, office space, drive-through services, live entertainment, apartments, daycare, retail, restaurants, hotels, and more. Neighboring land is also available for purchase, offering an additional three acres of prime business exposure.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    California
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.51562
    Latitude
    38.3023

    Comparable in this City

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      Prime Office Building, Three Notch Rd

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      Specialty Property For Sale

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      Class B Defense-Adjacent Office Building

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      Office Investment Property For Sale

      100% leased office investment property with one unit available.
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    Similar Nearby for Sale

    • $4,100,000
      33,348 SF

      Prime Office Building, Three Notch Rd

      High-yield investment, 100% leased.
      22685 Three Notch Rd, California, MD 20619
      View Details
    • $99,900
      1.39 Acres

      1.39 Acre Building Lot

      1.39 acre building lot with permit package.
      45113 Settlers Ln, California, MD 20619
      View Details
    • $122,000

      Land For Sale

      Land available for sale.
      24250 N Patuxent Beach Rd, California, MD 20619
      View Details
    • $995,000

      Specialty Property For Sale

      Specialty property available for purchase in California, Maryland.
      44605 ANDREW'S Church Rd, California, MD 20619
      View Details
    • Contact for pricing
      21,197 SF

      Class B Defense-Adjacent Office Building

      Class B office building with a strong defense contractor tenant roster and ample on-site parking for day-to-day access.
      23330 Cottonwood Pkwy, California, MD 20619
      View Details
    • Contact for pricing

      Office Investment Property For Sale

      100% leased office investment property with one unit available.
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    Similar Nearby for Lease

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      Flex and Retail Space Available

      Flex, R&D, and retail space in California, Maryland.
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      Retail/Office Space Near PAX River

      Retail or office space with high visibility on Rt 235.
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      2,548 SF

      Flex Space with Lab and Office

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      6,762 SF

      Class B Office Building

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      Retail Center in California, MD

      Retail center with national and local tenants in California, MD.
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      6,000 SF

      Retail Pad Site For Lease

      Up to 1.5 acre pad site adjacent to Aldi.
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    California, MD 20619
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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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