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First-Floor Medical Office Condo
For Sale
$315,000

27-106 Elden St, Herndon, VA 20170

Renovated professional suite with four exam rooms and dedicated reception, storage, laundry, and restroom areas.

Property Size1,220 SF
Price / SF$258.20
Days on Market120

Property Features for 27-106 Elden St

General Information

Standard status Active
Size 1,220 SF

Additional Details

Floor First Floor
Office Units 1

Taxes and HOA fees

Annual Taxes $4,553

Building Details

Year Renovated 2021
Listing Agency: Samson Properties
Listed By: Leyi Wang · License #0225212385
Source: Exprealty
Added: Jun 9 Changed: Oct 6 Last Checked: Oct 5 at 11:21PM

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.

Suite 13 is a first-floor medical office condominium within Stuart Professional Village. The approximately 1,220-square-foot layout includes four exam rooms, a front office, waiting area, powder room, laundry room, and two storage rooms. The suite was fully renovated and received a new AC system in 2021.

The property is located at 27-106 Elden St in Herndon, near Reston Hospital. Parking spaces are available for employees and clients, supporting the suite’s professional office configuration.

Key Highlights

  • Approximately 1, 220 square feet on the first floor
  • Four exam rooms with 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 (±1% cap)
NOI $23,094 @ 7.0% cap · market cap 7.33%
Second Best
Healthcare Medical
$317.6K
$277.9K – $370.5K (±1% cap)
NOI $22,231 @ 7.0% cap · market cap 7.06%
Theoretical Best
Specialty Retail
$5.11M
$4.47M – $5.97M (±1% cap)
NOI $357,975 @ 7.0% cap · market cap 113.64%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Building Supply Auto Parts Store Auto Repair Shop Electrical Service Storage Facility Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units

Location Intelligence

Trade Area within ½ mile

2,675
Businesses Nearby
Balanced
Demand for This Use

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Renovated professional suite with four exam rooms and dedicated reception, storage, laundry, and restroom areas.
Where is this medical office space located?
The property is located at 27-106 Elden St 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 with front office and waiting area; Two storage rooms, laundry room, and powder room
More about this property
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