Renovated Medical Office
For Sale
$315,000
106 ELDEN Street, Herndon, VA 20170
Commercial Sale, HERNDON, VA
Property Size1,220 SF
Price / SF$258.20
Days on Market140
Property Features for 106 ELDEN Street
General Information
Property type
Other
Property subtype
Office
Parking
30
Parking features
Parking Lot
Elementary school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Middle school district
FAIRFAX COUNTY PUBLIC SCHOOLS
High school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
4553
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1987
Building materials
Brick
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Leyi Wang · License #0225212385
(202) 256-0851
Added: Jun 8
Changed: Sep 22
Last Checked: Oct 25 at 9:06PM
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.
Suite 13 is a first-floor medical office condo at Stuart Professional Village, offering approximately 1,220 square feet of dedicated workspace. The layout includes four exam rooms, a front office, waiting area, powder room, laundry room, and two storage rooms. Brick construction, central air, and heat pump heating serve the property, which was built in 1987.
The office is located at 106 Elden Street in Herndon, near Reston Hospital. A parking lot provides spaces for employees and clients. The AC system was replaced in 2021, adding a recent mechanical improvement to the existing professional office configuration.
The office is located at 106 Elden Street in Herndon, near Reston Hospital. A parking lot provides spaces for employees and clients. The AC system was replaced in 2021, adding a recent mechanical improvement to the existing professional office configuration.
Key Highlights
- Approximately 1,220 square feet on the first floor
- Four exam rooms plus front office and waiting area
- Two storage rooms, laundry room, and powder room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,094
Cap Rate
7.33%
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 7.33%
Second Best
Healthcare Medical
$317.6K
$277.9K – $370.5K
NOI $22,231 @ 7.0% cap · market cap 7.06%
Theoretical Best
Specialty Retail
$5.11M
$4.47M – $5.97M
NOI $357,975 @ 7.0% cap · market cap 113.64%
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
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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
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Abington Hall Veterinarian — 12160 Abington Hall Pl, Reston, VA 20190
- Herndon Animal Medical Center — 360 Herndon Pkwy Suite 2150, Herndon, VA 20170
- Banfield Pet Hospital — 11860 Spectrum Center, Reston, VA 20190
- Interact — 100 Elden St # 11, Herndon, VA 20170, United States
- Lucidian Life Sciences — 478 Elden St, Herndon, VA 20170
Frequently Asked Questions
What type of property is this?
Medical Office Space - First-floor office condo with exam rooms, reception, waiting, laundry, and storage areas.
Where is this medical office space located?
The property is located at 106 ELDEN Street Herndon, VA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Approximately 1,220 square feet on the first floor; Four exam rooms plus front office and waiting area; Two storage rooms, laundry room, and powder room
