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    Property profile & analytics

    23481 Cottonwood Pkwy California, MD 20619-2038

    • Office buildings
    • 15,552 SF
    • 7.56 lot acres
    OFF-MARKET
    Value Estimations
    $2,765,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US40-1601990
    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

    • BAE Systems / Corporate Office / Factory

    Property Details for 23481 Cottonwood Pkwy

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.56 lot acres
    Property size
    15,552 SF
    Zone code
    OBP
    Property type
    Office buildings
    APN
    08-069204
    APU
    8069204

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    California
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.5432
    Latitude
    38.3109
    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
    $38,855
    $481,100
    $3,195,600
    $3,676,700
    -
    $481,100
    $3,195,600
    $3,676,700

    Comparable in this City

    • Value Estimation
      $4,570,000
      15,397 SF

      23535 Cottonwood Pkwy

      OFFICE BUILDING • 15,397 SF
      23535 Cottonwood Pkwy, California, MD 20619-2023
      View Details
    • Value Estimation
      $770,000
      3,758 SF

      22900 3rd Notch Rd

      OFFICE BUILDING • 3,758 SF
      22900 3rd Notch Rd, California, MD 20619-3138
      View Details
    • Value Estimation
      $9,375,000
      75,564 SF

      23330 Cottonwood Pkwy

      OFFICE BUILDING • 75,564 SF
      23330 Cottonwood Pkwy, California, MD 20619-2070
      View Details
    • Value Estimation
      $2,965,000
      29,053 SF

      44417 Pecan Ct

      OFFICE BUILDING • 29,053 SF
      44417 Pecan Ct, California, MD 20619-3272
      View Details
    • Value Estimation
      $945,000
      5,885 SF

      44401 Smoke Hl Rd

      OFFICE BUILDING • 5,885 SF
      44401 Smoke Hl Rd, California, MD 20619-7022
      View Details
    • Value Estimation
      $3,750,000
      22,244 SF

      23076 3rd Notch Rd

      OFFICE BUILDING • 22,244 SF
      23076 3rd Notch Rd, California, MD 20619-2442
      View Details

    Similar Nearby for Sale

    • $4,200,000
      33,348 SF

      Fully Leased Multi-Tenant Office Buildings

      Two office buildings totaling 33,348 SF, 100% leased.
      22685-22695 Three Notch Rd, California, MD 20619
      View Details
    • Contact for pricing
      1.85 Acres

      Prime Office Space, Three Notch Rd

      High-traffic location, move-in ready office.
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    • Contact for pricing

      Prime Office Space, Route 235

      Modern Office Suite - All-Inclusive Lease
      23127 Three Notch Rd, California, MD 20619
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    • $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
    • Contact for pricing
      1.85 Acres

      Prime Office Suite, Three Notch Rd

      High-traffic location, move-in ready.
      23076 3 Notch Rd Unit, California, MD 20619
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    • $4,100,000

      Office Investment Property For Sale

      Office space available for lease or investment property for sale.
      22685 Three Notch Rd, California, MD 20619
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      11,382 SF

      Class B Office Building

      Class B office building with strong defense contractor presence.
      23330 Cottonwood Pkwy, 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
    • Contact for pricing
      700,000 SF

      Lexington Exchange: Prime MD Office Space

      700,000 SF Multi-Use Campus, Suites Available
      235 At Oak Crst Dr, California, MD 20619
      View Details
    • $1,500 /Mo

      Office/Retail Space Near PAX Base

      850 sqft unit suitable for office or retail use.
      45370 Alton Ln, California, MD 20619
      View Details
    • $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
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    California, MD 20619-2038
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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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