First-Floor Medical Office
106 Elden St #27, Herndon, VA 20170
For Sale
$325,000
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 Market156
Property Features for 106 Elden St #27
General Information
Standard status
Size
Property subtype
Additional Details
Office Units
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Year Renovated
Listing Agency:
SAMSON PROPERTIES
(703) 378-8810
Listed By:
LEYI WANG · License #0225212385
(202) 256-0851
Source:
Corcoran
Added: Jun 7
Changed: Aug 15
Last Checked: Aug 15 at 8:40AM
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
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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 / Yr
$23,094
Cap Rate
7.11%
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 7.11%
Second Best
Healthcare Medical
$317.6K
$277.9K – $370.5K
NOI $22,231 @ 7.0% cap · market cap 6.84%
Theoretical Best
Specialty Retail
$5.11M
$4.47M – $5.97M
NOI $357,975 @ 7.0% cap · market cap 110.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
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
Properties on Market for Medical Office Space in Herndon
Vacancy Rate% for Office in South region
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- 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 - 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
