First-Floor Medical Office
For Sale
$325,000
106 Elden St #27, Herndon, VA 20170
Fully renovated first-floor office condo with exam rooms and dedicated waiting space, near Reston Hospital.
Property Size1,220 SF
Price / SF$266.39
Days on Market64
Property Features for 106 Elden St #27
General Information
Standard status
Active
Size
1,220 SF
Property subtype
Commercial
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$4,553
Building Details
Year Built
1987
Year Renovated
2021
Listing Agency:
SAMSON PROPERTIES
(703) 378-8810
Listed By:
LEYI WANG · License #0225212385
Source:
Corcoran
Added: Jun 7
Changed: Aug 8
Last Checked: Aug 8 at 7:55AM
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 SAMSON PROPERTIES
Investment Insights
Based on property information with market context.
This office condo, Suite 13, is set up on the first floor and includes four exam rooms plus a front office, waiting area, powder room, laundry room, and two storage rooms. The space is described as fully renovated, with a new AC system installed in 2021. The layout supports professional services that benefit from both private exam space and a dedicated client entry experience.
The property is located in Stuart Professional Village, with its noted proximity to Reston Hospital. The offering also highlights plenty of parking spaces for employees and clients, which can simplify access for day-to-day visits and appointments.
As configured, the suite is well suited for medical and other professional uses that require multiple exam or consultation rooms and nearby support functions such as storage, a laundry room, and a powder room. With a front office and waiting area included, it can accommodate patient or client flow without requiring significant additional buildout. It is an end-user-friendly option for professionals seeking a move-in-ready first-floor office arrangement in a busy professional setting.
The property is located in Stuart Professional Village, with its noted proximity to Reston Hospital. The offering also highlights plenty of parking spaces for employees and clients, which can simplify access for day-to-day visits and appointments.
As configured, the suite is well suited for medical and other professional uses that require multiple exam or consultation rooms and nearby support functions such as storage, a laundry room, and a powder room. With a front office and waiting area included, it can accommodate patient or client flow without requiring significant additional buildout. It is an end-user-friendly option for professionals seeking a move-in-ready first-floor office arrangement in a busy professional setting.
Key Highlights
- First‑floor office condo (Suite 13) totaling approximately 1,220 SF in the Stuart Professional Village
- Includes 4 exam rooms, a front office, waiting area, powder room, and laundry room
- Also features 2 storage rooms for added workflow convenience
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,094
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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
Loudoun 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.11%
Second Best
Healthcare Medical
$324.7K
$284.1K – $378.8K
NOI $22,726 @ 7.0% cap · market cap 6.99%
Theoretical Best
Specialty Retail
$382.3K
$334.6K – $446.1K
NOI $26,764 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully renovated first-floor office condo with exam rooms and dedicated waiting space, near Reston Hospital.
Where is this medical office space located?
The property is located at 106 Elden St #27 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: First‑floor office condo (Suite 13) totaling approximately 1,220 SF in the Stuart Professional Village; Includes 4 exam rooms, a front office, waiting area, powder room, and laundry room; Also features 2 storage rooms for added workflow convenience
