Plug-and-Play Medical Office
For Sale
$821,000
108 Elden Street #15C & 16, Herndon, VA 20170
Renovated suite with dedicated gym and treatment rooms, offering convenient access for healthcare and related office users.
Property Size2,940 SF
Days on Market138
Property Features for 108 Elden Street #15C & 16
General Information
Standard status
Active
Size
2,940 SF
Class
A
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Building Size
2,940 SF
Listing Agency:
Divaris Real Estate, Inc
Listed By:
Erik Ulsaker · License #0225097564
(703) 861-0373
Source:
Divaris
Added: Jun 2
Changed: Oct 15
Last Checked: Oct 16 at 6:43AM
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 Divaris Real Estate, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
108 Elden Street #15C & 16 is a fully renovated, plug-and-play medical office suite within Stuart Professional Village. The space is set up for patient flow with a reception and waiting area, supported by additional treatment rooms for care. A large gym space is included, making the layout well suited to rehab-focused programming and other therapy-related uses.
The property offers easy access to both Fairfax County Parkway and the Dulles Toll Road, supporting convenient arrivals for patients, staff, and visitors. It is located less than 0.5 miles from Reston Hospital, and the professional village setting includes an abundant on-site parking lot with free surface spaces.
For buyers or operators seeking a ready-to-use healthcare environment, this suite provides an efficient mix of front-of-house patient areas, clinical rooms, and on-site exercise space. The maintained condition and functional configuration can help reduce downtime for an established practice or an organization expanding into a hospital-adjacent location.
The property offers easy access to both Fairfax County Parkway and the Dulles Toll Road, supporting convenient arrivals for patients, staff, and visitors. It is located less than 0.5 miles from Reston Hospital, and the professional village setting includes an abundant on-site parking lot with free surface spaces.
For buyers or operators seeking a ready-to-use healthcare environment, this suite provides an efficient mix of front-of-house patient areas, clinical rooms, and on-site exercise space. The maintained condition and functional configuration can help reduce downtime for an established practice or an organization expanding into a hospital-adjacent location.
Key Highlights
- Fully renovated, plug‑and‑play PT office suite with dedicated gym space
- Includes reception and waiting area, plus additional treatment rooms for patient care
- On‑site parking lot with free surface spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,653
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,060
$1.1M
Cap Rate 7%
$795,043
$795.0K
Cap Rate 9%
$618,367
$618.4K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$86.8K $29.52/SF
− Vacancy
−$12.6K −$4.28/SF
EGI
$74.2K $25.24/SF
− OpEx
−$18.6K −$6.31/SF
NOI
$55.7K $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%
$1,113,060
Cap Rate 7%
$795,043
Cap Rate 9%
$618,367
Alternative Uses
Best Use
Office B
$795.0K
$695.7K – $927.6K
NOI $55,653 @ 7.0% cap · market cap 6.78%
Second Best
Healthcare Medical
$765.3K
$669.7K – $892.9K
NOI $53,572 @ 7.0% cap · market cap 6.53%
Theoretical Best
Specialty Retail
$12.32M
$10.78M – $14.38M
NOI $862,662 @ 7.0% cap · market cap 105.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Under-served
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
Similar Off Market Nearby
- Dominion Animal Hospital — 795 Station St, Herndon, VA 20170
- Boone James C DVM — 795 Station St, Herndon, VA 20170
- Anita C. Wallace, DVM — 795 Station St, Herndon, VA 20170, United States
- Bourke Joseph a DVM — 795 Station St, Herndon, VA 20170, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated suite with dedicated gym and treatment rooms, offering convenient access for healthcare and related office users.
Where is this medical office space located?
The property is located at 108 Elden Street #15C & 16 Herndon, VA.
What is the asking price?
The asking price for this property is $821,000.
What are key features of this property?
This property features: Fully renovated, plug‑and‑play PT office suite with dedicated gym space; Includes reception and waiting area, plus additional treatment rooms for patient care; On‑site parking lot with free surface spaces
