Property profile

108 Elden St Ste 15b Herndon, VA 20170

OFF-MARKET
Office Spaces
Property ID
US87-1188305
2,104 SF
Entity Owned 2-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Dental Office
  • Medical Clinic
  • Physician
  • Medical Clinic
  • Dental Office

Location

108 Elden St Ste 15b Herndon, VA 20170-4828
Herndon metro Census 480802 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
$655k
Comparable Approach Comparable
$560k
Blend (final) Blend
$710k

Owner & transaction history

since 2023
Last sale
$995,000
2 recorded transactions
2023
$995,000
2004
$862,260

Zoning & alternative use

CO(COMMERCIAL OFFICE) · Herndon, VA
Top alternative use upside
Commercial (general) $955,000 +62.0%
Neighborhood: shopping center $775,000 +31.5%
Auto repair, garage $700,000 +19.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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