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

    23428 3rd Notch Rd California, MD 20619-6019

    • Motels
    • 36,188 SF
    • 4.25 lot acres
    OFF-MARKET
    Last Sale
    Mar 27, 2023
    $17,950
    Value Estimations
    $2,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-0684672
    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

    • California Inn / Hotel & Motel
    • Sleep Inn & Suites / Hotel & Motel

    Property Details for 23428 3rd Notch Rd

    Year built
    2001
    Construction
    WOOD
    Lot size
    4.25 lot acres
    Property size
    36,188 SF
    Zone code
    CMX
    Property type
    Motels
    APN
    08-136963
    APU
    8136963

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,625,000
      RESTAURANT
      $2,760,000
      OFFICE BUILDING
      $2,625,000
      MEDICAL BUILDING
      $1,715,000

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

    Location Insight

    • Map
    • Local Demand
    City
    California
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.5327
    Latitude
    38.3121
    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
    $29,613
    $883,200
    $1,918,900
    $2,802,100
    -
    $883,200
    $1,918,900
    $2,802,100

    Comparable in this City

    • Value Estimation
      $6,070,000
      54,651 SF

      22769 3rd Notch Rd

      MOTEL • 54,651 SF
      22769 3rd Notch Rd, California, MD 20619-3073
      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
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    • $3,200,000
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      Prime Commercial Land Opportunity

      4.4 acre commercial land parcel in high-growth area.
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    • $70,000

      Land For Sale

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

      Granite Way Specialty Property

      Specialty property available for sale on Granite Way.
      44087 Granite Way, California, MD 20619
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      Hickory Hollow Land For Sale

      Land available on Hickory Hollow Lane in California, Maryland.
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    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
      264,134 SF

      Patuxent Crossing Retail Center

      Maryland Retail Space: 17 Units Available
      27355 Macarthur Blvd, California, MD 20619
      View Details
    • Contact for pricing
      48,017 SF

      Wildewood Center Retail Space

      Multiple retail spaces available in prime location.
      23415 Three Notch Rd, California, MD 20619
      View Details
    • Contact for pricing
      99,752 SF

      Prime Maryland Land Investment

      1-2.29 Acres, Mixed-Use Zoning
      23290 Three Notch Rd, California, MD 20619
      View Details
    • $1,500 /Mo

      Route 235 Commercial Space Available

      1142 sqft unit with high visibility on Route 235.
      45370 Alton Ln, California, MD 20619
      View Details
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    23428 3rd Notch Rd
    California, MD 20619-6019
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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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