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Property profile & analytics
OFF-MARKET Estimated value $665,000
Office Spaces

106 Elden St 24 Herndon, VA 20170-4872

1,233 SF Built 1987
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-0891586
Property summary
AI-generated overview

This exceptional 3,086 square foot office space in Herndon, VA, presents a unique opportunity for a variety of businesses. Located in the desirable Stuart Professional Village, this property boasts a prime location at a signalized intersection of Elden Street and the Fairfax County Parkway, ensuring high visibility and easy access. The suite, a combination of two units (formerly suites 15 and 17, with 17 as the main entrance), offers a thoughtfully designed layout perfect for various office uses. Currently configured as a mental health practice, the space includes a welcoming reception and waiting area, nine private offices providing ample individual workspaces, a convenient kitchen area, a dedicated conference room for meetings and collaborations, a storage area for efficient organization, and two restrooms for staff and clients. The courtyard entrance creates a park-like setting, enhancing the professional atmosphere. Abundant non-assigned parking is available for staff and visitors. The seller will vacate the premises prior to closing, ensuring a smooth transition for the new owner. This property is ready for immediate occupancy and offers a fantastic opportunity to establish or expand your business in a highly sought-after location. The address is 106 Elden Street, Unit 29, Herndon, VA. The asking price is $729,000.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1987
Construction CONCRETE BLOCKS
Total area 1,233 SF
Zoning code CO(COMMERCIAL OFFICE)
APN 017-1-11-0024
UPID US87-0891586
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
  • Sajjad Khan Foster Care Service Social Service Agency
  • Eleven Spa | Asian Massage Herndon VA Alternative Medicine Practice Spa & Massage Center
  • Prita Bhardwaj, M.D. Physician
  • Dr. Keith Saylor Physician Medical Clinic
  • Dr. Richard Pei Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$635k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$665k
Owner & transaction history
Nova Property Associates LLC · 5 yrs held
Nova Property Associates LLC
since 2021
Last sale
$668,790
1 recorded transaction
2021
$668,790
Zoning & alternative use
CO(COMMERCIAL OFFICE) · Herndon, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $560,000 +62.0%
Neighborhood: shopping center $455,000 +31.5%
Auto repair, garage $410,000 +19.1%
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