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Property profile & analytics
OFF-MARKET
Estimated value
$11,305,000
Community centers
23415 3rd Notch Rd, California, MD 20619-4017
Entity Owned
1-yr Hold
Free & Clear
Property ID
US40-2246736
Property summary
AI-generated overview
This exceptional retail opportunity is located at Wildewood Center, 23415 Three Notch Rd, California, MD 20619. The property offers eleven available spaces ranging from 1,700 square feet to 24,396 square feet, providing flexibility for various retail businesses. Situated in St. Mary's County's California submarket, this center enjoys a strategic position, easily accessible from St. Mary's, Calvert, and Charles Counties. Its proximity to the Patuxent River Naval Air Station and the regional airport ensures high visibility and a substantial customer base. Wildewood Center is a large regional center boasting approximately 300,000 square feet of space and over 1,700 parking spaces, guaranteeing ample parking for customers and employees. The estimated net operating expenses are $2.82 per square foot. This is an ideal location for businesses seeking high traffic and convenient access to a diverse customer demographic. Contact us today to learn more about the available spaces and lease terms.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
94,665 SF
Lot
36.46 ac (1,588,328 SF)
Zoning code
CC
APN
08-092656
UPID
US40-2246736
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Okada Japanese Steak & Seafood Restaurant
-
Zen Nail and Spa Nail Salon
-
Planet Fitness Gym & Fitness Center
-
My Gym St Marys Gym & Fitness Center
-
Dr. Carl H. Ling, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.31M
Owner & transaction history
Commissioners Of St Marys County · 1 yrs held
Commissioners Of St Marys County
since 2025
Last sale
$1,400
7 recorded transactions
Zoning & alternative use
CC · California, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs California submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs California submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$14,310,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,795,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,940,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,485,000
Change: 0% · Conversion: Difficult
RESTAURANT
$7,215,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$6,865,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$11.31M
Range $10.17M – $12.44M · ±10% · vs last sale $1k (Mar 2 2025)
Last sale anchor
$1k
Mar 2 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$119 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$258,492
Tax year 2023
Assessed value
$24,459,900
Assessed 2023
Previous assessed
$23,760,033
+2.9% YoY
Effective rate
1.06%
On assessed value
Assessed land
$3,048,500
Assessed improvement
$21,411,400
Land market value
$3,048,500
Improvement market value
$21,411,400
Total market value
$24,459,900
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
10
Stories
1
Units
10
Total area
94,665 SF
Lot
36.46 ac (1,588,328 SF)
Zoning code
CC
APN
08-092656
UPID
US40-2246736
Jurisdiction
ST MARY'S
Zoning & alternative use
CC · California, MD
Zoning CC · permitted uses
CC · California, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
California. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$14.3M
WAREHOUSE, STORAGE
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$9.5M
RESTAURANT
Est. value
$7.2M
OFFICE BUILDING
Est. value
$6.9M
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
10
Units
10
Lot
36.46 ac
Current owner
From public records · entity-resolved
Commissioners Of St Marys County
Entity
Free & Clear · 1 yrs held
Mailing address
7200 WISCONSIN AVE STE #1100, BETHESDA, MD 20814-4845
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2025
$1,400
Commissioners Of St Marys County
Mfs Wildewood LLC
Deed
—
Jan 21, 2025
—
Germantown Wildewood LLC
—
Deed
related
$22,163,000 · City National Bank
Feb 22, 2017
—
Finmarc Wildewood LLC
—
Deed
related
$200,000 · Sandy Spring Bank
Oct 21, 2014
$28,250,000
Mfs Wildewood LLC
Sjs Wildewood S C LP
Special Warranty Deed
—
Oct 21, 2014
—
Mfs Wildewood LLC
Sjs-wildewood Sc LP
Quit Claim Deed
related
—
Aug 19, 2003
$14,000,000
Sjs-wildewood Sc LP
Uig LLC
Grant Deed
$11,200,000 · Wachovia Bank NA
Aug 30, 2002
$11,300,000
Uig LLC
Wildewood Holdings LLC
Grant Deed
$9,000,000 · Brt Realty Trust
—
—
Sjs-wildewood Sc LP
—
Loan Modification
related
$11,031,752 · Td Bk NA
—
—
Rebarchick Family Partners Lll
—
Deed Of Trust
related
$742,500 · Branch Banking & Trust Co
—
—
Rebarchick Family Partners Lll
—
Deed Of Trust
related
$342,000 · Chesapeake Business Fin'l Corp
—
—
Uig LLC
—
Deed Of Trust
related
$9,200,000 · Sequoiabank
—
—
Mfs Wildewood LLC
—
Loan Modification
related
$22,163,000 · Sandy Spring Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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