First-Floor Medical Office
For Sale
$325,000
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$266.39
Days on Market67
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
(202) 256-0851
Listed By:
Leyi Wang · License #0225212385
(202) 256-0851
Source:
Exprealty
Added: Jun 9
Changed: Aug 13
Last Checked: Aug 13 at 5:48AM
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.
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 = 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
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
2,675
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 - 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 $325,000.
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
