Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    702 Elden St, Unit A Herndon, VA 20170

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $319,000

    Visible and accessible storefront in the heart of Herndon, VA.

    Property Features for 702 Elden St

    General Information

    Standard status
    Contract

    Building Details

    Year built
    2018

    We can help!

    Listing Contact
    Raman P. Singh
    Source: Corcoran

    Listing Agency: PRIME PROPERTIES DMV, LLC. Listing Agent: Raman P. Singh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Storefront on High-Traffic Street

    Located on a high-traffic street in Herndon, VA, this storefront property presents a business opportunity suitable for entrepreneurs and investors. The space is configured to accommodate various ventures, including a retail boutique, professional office, or grab-and-go juice bar. The interior features an ADA-compliant bathroom and built-in cabinets for storage and organization. Large front windows offer display opportunities to attract attention from daily foot traffic. The location is situated in a bustling urban environment, surrounded by established businesses, residential communities, and corporate offices, providing a flow of potential customers.
    Location Intelligence

    Current Use by Public Records

    Tapioca Express Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    다발의 꽃집 | 버지니아 꽃집, 버지니아 한인꽃집, 버지니아 웨딩꽃, 버지니아 각종행사화환, 버지니아 장례식 꽃, 교회 꽃꽂이, Bundle of Roses

    Location Insight

    • Map
    • Local Demand
    City
    Herndon
    County
    Loudoun
    State
    Virginia
    Longitude
    -77.3846497
    Latitude
    38.9699338

    Nearby Similar for Sale

    • $699,000

      Herndon Office Space For Sale

      Combined office units suitable for various professional uses.
      106 Elden St, Herndon, VA 20170
      View Details
    • $255,000

      Corner Office Near Old Town

      Second-floor office space with open layout and kitchenette.
      692 Pine St, Herndon, VA 20170
      View Details
    • Contact for pricing
      1,756 SF

      Herndon Office Condos For Sale

      Office condos suitable for medical, professional services, and small companies.
      171 Elden St, Herndon, VA 20170
      View Details
    • $2,500,000

      Two-Story Office Building For Sale

      10,000 SF office building on 0.85 acres available.
      1914 Association Dr, Herndon, VA 20190
      View Details
    • $1,222,720
      835 SF

      Reston First-Floor Office Condominium

      High-quality, fully furnished office space in Reston's Dulles Tech Corridor.
      1801 Herndon Pkwy, Herndon, VA 20191
      View Details
    • $1,250,000

      Specialty Property for Sale

      Specialty property available for purchase.
      12614 Oxon Rd, Herndon, VA 20171
      View Details
    • $535,000

      Herndon Flex Warehouse For Sale

      Flex warehouse with 14' roll-up door and 18' ceilings.
      631 Carlisle Dr, Herndon, VA 20170
      View Details
    • $2,750,000

      Herndon Specialty Property For Sale

      Specialty property available for purchase in Herndon, Virginia.
      2625 Centreville Rd, Herndon, VA 20171
      View Details
    • $1,700,000

      Herndon Commercial Condominium Units

      Two connected commercial condominium units in Sunset Business Park.
      294 Sunset Park Dr #11, Herndon, VA 20170
      View Details
    • $1,395,000

      Retail Property with Business Opportunity

      Retail property suitable for various business styles and opportunities.
      129 Spring St, Herndon, VA 20170
      View Details
    • $821,000
      2,940 SF

      Herndon Office Space - Two Units

      Prime Herndon location, two combined office units.
      108 Elden St, Herndon, VA 20170
      View Details
    • $609,000
      2,052 SF

      Herndon Medical Office Space For Sale

      Move-in ready OBGYN office, prime location.
      131 Elden St, Herndon, VA 20170
      View Details

    FAQs

    What type of property is this?
    Storefront property - Visible and accessible storefront in the heart of Herndon, VA.
    Where is this storefront property located?
    The property is located at 702 Elden St, Unit A Herndon, VA.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: - High-traffic location in Herndon, VA, ideal for attracting customers.; - Versatile space suitable for retail, office, or food service businesses.; - Modern interior ready for custom build-out.
    (703) 570-2266
    Request Owner's contact information
    702 Elden St, Unit A Herndon, VA 20170
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    702 Elden St, Unit A
    Herndon, VA 20170
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    702 Elden St, Unit A Herndon, VA 20170
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Raman P. Singh
    (703) 570-2266
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!