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    3 Three Notch Rd Hollywood, MD 20636
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    3 Three Notch Rd Hollywood, MD 20636

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    • Warehouses
    • 2,380 SF
    • 5.91 lot acres
    For Sale
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    Hollywood Corner Ground Lease For Sale
    Contact for pricing

    Hollywood Corner Ground Lease

    High-traffic 3.23-acre ground lease.

    3 Three Notch Rd, Hollywood, MD 20636
    View Listing
    Property ID
    US40-1552706
    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

    • Warehouses

    Property Details for 3 Three Notch Rd

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    5.91 lot acres
    Property size
    2,380 SF
    Zone code
    RPD
    Property type
    Warehouses
    APN
    06-042651
    APU
    6042651

    Description

    Prime commercial ground lease opportunity in Hollywood, MD, is now available. This exceptional 3.23-acre parcel boasts a highly visible location on a signalized corner of Route 235, experiencing approximately 30,000 vehicles per day (VPD). The high traffic volume presents a unique advantage for businesses seeking maximum exposure and accessibility. The asking rent is $15,000 per month, NNN (Net, Net, Net), meaning the tenant is responsible for property taxes, insurance, and maintenance. A preliminary site plan is readily available for review, providing a solid foundation for development planning. Furthermore, the possibility of leasing additional acreage exists, offering flexibility to accommodate various business needs and expansion plans. This strategic location and the potential for growth make this ground lease an attractive investment for businesses seeking a prominent presence in a busy commercial area. The property's high visibility and substantial traffic count make it ideal for a wide range of commercial ventures. Serious inquiries are encouraged to explore this exceptional opportunity further. Contact us today to schedule a viewing and discuss your business needs.

    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
    Hollywood
    County
    St. Mary's
    State
    Maryland
    Longitude
    -76.6513
    Latitude
    38.3965
    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
    $3,464
    $0.00
    $0.00
    $323,000
    -
    $258,600
    $103,400
    $362,000

    Comparable in this City

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      23918 Mervell Dean Rd

      WAREHOUSE, STORAGE • 2,024 SF
      23918 Mervell Dean Rd, Hollywood, MD 20636-4868
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      2,880 SF

      45370 Clarkes Lndg Rd

      WAREHOUSE, STORAGE • 2,880 SF
      45370 Clarkes Lndg Rd, Hollywood, MD 20636
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    • Value Estimation
      $645,000
      11,076 SF

      24129 Mervell Dean Rd

      WAREHOUSE, STORAGE • 11,076 SF
      24129 Mervell Dean Rd, Hollywood, MD 20636
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      9,085 SF

      23850 Hollywood Rd

      MINI-WAREHOUSE, STORAGE • 9,085 SF
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      2,000 SF

      24845 Marina Way

      WAREHOUSE, STORAGE • 2,000 SF
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      3.19 Acres

      Hollywood Industrial Warehouse Space For Lease

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      Land for Sale Hollywood, MD

      Land available for sale in Hollywood, Maryland.
      44232 Greenery Ln, Hollywood, MD 20636
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      3.23 Acres

      Hollywood Corner Ground Lease

      High-traffic 3.23-acre ground lease.
      3 Three Notch Rd, Hollywood, MD 20636
      View Details
    • $1,300,000
      3.69 Acres

      Hollywood Land Parcel for Townhomes

      3.69 acre parcel approved for 18 townhome units.
      44405-5 Lots K & R Way, Hollywood, MD 20636
      View Details
    • $200,000
      3.16 Acres

      Waterfront Lot on Cuckold Creek

      3.16 acre waterfront lot ready for building.
      Ewell Ln, Hollywood, MD 20636
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center in Underserved Market

      Retail spaces for lease with high visibility and traffic counts.
      Hollywood Rd, Hollywood, MD 20636
      View Details
    • $12 SF/Yr

      Flexible Office Area For Rent

      Accessible office space suitable for various business needs.
      24502 Three Notch Rd, Hollywood, MD 20636
      View Details
    View Listing
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    3 Three Notch Rd
    Hollywood, MD 20636
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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.

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