First-Floor Office
106 ELDEN Street, Herndon, VA 20170
For Sale
$279,000
Commercial Sale, HERNDON, VA
Property Size1,220 SF
Price / SF$228.69
Days on Market155
Property Features for 106 ELDEN Street
General Information
Property type
Property subtype
Parking
Parking features
Elementary school district
Middle school district
High school district
Standard status
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Building materials
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Leyi Wang · License #0225212385
(202) 256-0851
Added: Jun 8
Changed: Oct 30
Last Checked: Nov 9 at 4:06AM
MLS# VAFX2318976
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This first-floor office condominium at 106 Elden Street contains approximately 1,220 square feet. Its layout includes four exam rooms, a front office, a waiting area, a powder room, a laundry room, and two storage rooms. The property is described as fully renovated and has a commercial-grade air-conditioning system installed in 2021. Brick construction, central air, and heat-pump heating are also noted.
The suite is near Reston Hospital and has access to a parking lot. Built in 1987, the property offers a room-based configuration suited to office operations, with separate areas for reception, work, storage, and facilities.
The suite is near Reston Hospital and has access to a parking lot. Built in 1987, the property offers a room-based configuration suited to office operations, with separate areas for reception, work, storage, and facilities.
Key Highlights
- Approximately 1,220 square feet on the first floor
- Four exam rooms, front office, waiting area, powder room, laundry room, and two storage rooms
- Commercial‑grade AC system installed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,094
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,880
$461.9K
Cap Rate 7%
$329,914
$329.9K
Cap Rate 9%
$256,600
$256.6K
Market Conditions
NOI Build-Up for 1,220 SF
Gross rent
$36.0K $29.52/SF
− Vacancy
−$5.2K −$4.28/SF
EGI
$30.8K $25.24/SF
− OpEx
−$7.7K −$6.31/SF
NOI
$23.1K $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%
$461,880
Cap Rate 7%
$329,914
Cap Rate 9%
$256,600
Alternative Uses
Best Use
Office B
$329.9K
$288.7K – $384.9K
NOI $23,094 @ 7.0% cap · market cap 8.28%
Second Best
Healthcare Medical
$317.6K
$277.9K – $370.5K
NOI $22,231 @ 7.0% cap · market cap 7.97%
Theoretical Best
Specialty Retail
$5.11M
$4.47M – $5.97M
NOI $357,975 @ 7.0% cap · market cap 128.31%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,008
Businesses Nearby
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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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Market
Properties on Market for Office Units in Herndon
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Four exam rooms, a reception area, and storage provide a defined layout for professional office use.
Where is this office unit located?
The property is located at 106 ELDEN Street Herndon, VA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Approximately 1,220 square feet on the first floor; Four exam rooms, front office, waiting area, powder room, laundry room, and two storage rooms; Commercial‑grade AC system installed in 2021
