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Property profile & analytics
OFF-MARKET Estimated value $725,000
Office Spaces

108 Elden St Ste 15b Herndon, VA 20170-4828

2,104 SF
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US87-1188305
Property summary
AI-generated overview

This exceptional Class A medical office building, located at 108 Elden Street in Herndon, Virginia, presents a unique investment opportunity. The property boasts a total of 7,046 square feet, with 4,106 square feet currently available for lease. The building is situated in a prime location within Fairfax County, zoned C-2, and features convenient access to major transportation routes. The single-tenant occupancy allows for streamlined management and potential for significant rental income. The property's ample parking provides 50 free surface spaces for patients and staff. The building's address is 108 Elden St, Herndon, VA 20170, with the Assessor's Parcel Number (APN) being 0171 11 0016: 0171 11 0015C: 0171 11 0015A &B. This is an ideal opportunity for medical professionals seeking a well-maintained, conveniently located space to establish or expand their practice. The building's high-quality construction and desirable location make it a strong investment prospect with excellent potential for long-term growth and profitability. The significant vacant space offers immediate occupancy and customization options for a new tenant. Don't miss this chance to acquire a thriving medical office building in a highly sought-after area.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Total area 2,104 SF
Zoning code CO(COMMERCIAL OFFICE)
APN 017-1-11-0015-B
UPID US87-1188305
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
  • Grande Dental Care Dental Office
  • ACE Physical Therapy and Sports Medicine Institute Medical Clinic
  • Dr Ramesh G Chandra Physician
  • ACE Rehab Medical Clinic
  • Acclaim Dental Group - Flora Tajalli - Family And Cosmetic Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
$655k
Comparable Approach Comparable
$560k
Blend (final) Blend
$725k
Owner & transaction history
Core IV Herndon LLC · 2 yrs held
Core IV Herndon LLC
since 2023
Last sale
$995,000
2 recorded transactions
2023
$995,000
2004
$862,260
Zoning & alternative use
CO(COMMERCIAL OFFICE) · Herndon, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $955,000 +62.0%
Neighborhood: shopping center $775,000 +31.5%
Auto repair, garage $700,000 +19.1%
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