22685 Three Notch RdCalifornia, MD 20619

  • Office buildings
  • 28,796 SF
For Sale
$4,100,000 View listing

Property Details for 22685 Three Notch Rd

Year built
1984
Construction
STEEL FRAME
Lot size
2.62 AC
Property size (Sq ft)
28,796 SF
Zone code
CMX
Property type
Office buildings
APN
08-060290
APU
8060290

Description

This exceptional office building, located at 22685-2295 Three Notch Road in California, Maryland, presents a lucrative investment opportunity. The property boasts a substantial 33,348 square feet of office space situated on a 2.62-acre lot. Currently, the building enjoys 100% occupancy, generating a strong 8% capitalization rate. Financial details regarding the income generated are available upon request through a confidentiality disclosure agreement. This is a turnkey investment, ideal for a passive income portfolio or an active investor seeking a high-performing asset. The property's prime location in California, MD offers excellent accessibility and visibility, making it an attractive proposition for tenants. The building's size and layout are well-suited for a variety of office uses, providing flexibility for future tenants or potential repositioning strategies. Given the current high occupancy rate and strong capitalization rate, this property represents a compelling investment opportunity with significant potential for long-term growth and return. Serious inquiries only. Contact us to learn more and obtain the necessary financial documentation.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,441,756
    6.5%
    $6,869,314
    7%
    $6,378,648
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,809,220
    Geo Method
    $4,809,220
  • Alternative Use

    Use
    Valuation
    Residential
    $8,517,948
    Hospitality
    $7,802,395
    Educational
    $6,491,501
    Medical
    $6,714,754
    Retail
    $10,097,891
22685 Three Notch Rd, California, Maryland

Location Insight

City
California
County
St. Mary's
State
Maryland
Latitude
38.2901
Longitude
-76.4922
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
$35,722
$849,800
$2,530,400
$3,380,200
-
$849,800
$2,530,400
$3,380,200

FAQs

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