Medical Office Suite with X-Ray
For Sale
$325,000
104 Elden St Unit 14, Herndon, VA 20170
Office-park medical suite with exam rooms, treatment support areas, reception space, and open parking.
Property Size1,335 SF
Price / SF$243.45
Days on Market61
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Property Features for 104 Elden St Unit 14
General Information
Standard status
Active
Size
1,335 SF
Building Details
Year Built
1986
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Dawn A Battle · License #0225089830
(703) 966-6630
Source:
Tbhteam
Added: Aug 16
Changed: Oct 13
Last Checked: Oct 7 at 3:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pearson Smith Realty, LLC
Investment Insights
Based on property information with market context.
This medical office suite at 104 Elden St Unit 14 includes two interior offices or exam rooms, two windowed offices, and two restrooms. The layout also provides a lab or nurse station, kitchenette, reception office, and reception seating area. One office has lead-protected walls and a 200 amp disconnect for X-ray equipment. The suite is offered in as-is condition.
The property is located in an office park near Reston Town Center and Fairfax County Parkway. Open, non-reserved parking is available on site, with no spaces assigned to individual units. The building was constructed in 1986.
The property is located in an office park near Reston Town Center and Fairfax County Parkway. Open, non-reserved parking is available on site, with no spaces assigned to individual units. The building was constructed in 1986.
Key Highlights
- Medical office suite with two interior offices or exam rooms
- Two windowed offices and two restrooms
- Lab or nurse station, kitchenette, reception office, and seating area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,271
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,420
$505.4K
Cap Rate 7%
$361,014
$361.0K
Cap Rate 9%
$280,789
$280.8K
Market Conditions
NOI Build-Up for 1,335 SF
Gross rent
$39.4K $29.52/SF
− Vacancy
−$5.7K −$4.28/SF
EGI
$33.7K $25.24/SF
− OpEx
−$8.4K −$6.31/SF
NOI
$25.3K $18.93/SF
Area
Fairfax County, VA
Vacancy
14.50%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,420
Cap Rate 7%
$361,014
Cap Rate 9%
$280,789
Alternative Uses
Best Use
Office B
$361.0K
$315.9K – $421.2K
NOI $25,271 @ 7.0% cap · market cap 7.78%
Second Best
Healthcare Medical
$347.5K
$304.1K – $405.4K
NOI $24,326 @ 7.0% cap · market cap 7.48%
Theoretical Best
Specialty Retail
$5.60M
$4.90M – $6.53M
NOI $391,719 @ 7.0% cap · market cap 120.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,008
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 20170, VA
42,756
Population
14,084
Households
3
Avg Household Size
36
Median Age
57%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
4,859
Density / Sq Mi
$157,875
Median Household Income
$59,119
Median Earnings
$2,224
Median Rent
$625,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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- Interact — 100 Elden St # 11, Herndon, VA 20170, United States
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office-park medical suite with exam rooms, treatment support areas, reception space, and open parking.
Where is this medical office space located?
The property is located at 104 Elden St Unit 14 Herndon, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Medical office suite with two interior offices or exam rooms; Two windowed offices and two restrooms; Lab or nurse station, kitchenette, reception office, and seating area
