Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    106 Elden St, Unit 32 Herndon, VA 20170-4872

    • Office properties & Spaces
    • 2,485 SF
    OFF-MARKET
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US87-0664032
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sajjad Khan / Foster Care Service / Social Service Agency
    • Eleven Spa | Asian Massage Herndon VA / Alternative Medicine Practice / Spa & Massage Center
    • Prita Bhardwaj, M.D. / Physician
    • Dr. Keith Saylor / Physician / Medical Clinic
    • Dr. Richard Pei / Physician

    Property Details for 106 Elden St

    Year built
    1987
    Construction
    CONCRETE BLOCKS
    Property size
    2,485 SF
    Zone code
    CO(COMMERCIAL OFFICE)
    Property type
    Office properties & Spaces
    APN
    017-1-11-0032
    APU
    171110032

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $835,000
      6.5%
      $770,000
      7%
      $715,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $661,000
      Market price range: $572k - $860k
      AI Estimate
      $490,000
      Market price range: $355k - $707k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $695,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $915,000
      Change: +32% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $830,000
      Change: +19% Conversion: Difficult
      WAREHOUSE, STORAGE
      $730,000
      Change: +5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Herndon
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.3659
    Latitude
    38.9672
    CBSA code
    47900
    CBSA name
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,014
    $116,800
    $467,180
    $583,980
    -
    $116,800
    $467,180
    $583,980

    Comparable in this City

    • Value Estimation by Request
      93,129 SF

      423-491 Carlisle Dr

      Office Units • 93,129 SF
      423-491 Carlisle Dr, Herndon, VA 20170
      View Details
    • Value Estimation by Request

      464 Herndon Pkwy

      Office properties & Spaces
      464 Herndon Pkwy, Herndon, VA 20170
      View Details
    • Value Estimation by Request

      1110 Elden St Ste, Unit 302

      CONDOMINIUM OFFICES
      1110 Elden St Ste, Herndon, VA 20170-5527
      View Details
    • Value Estimation by Request

      692 Pne Stb3

      CONDOMINIUM OFFICES
      692 Pne Stb3, Herndon, VA 20170-4600
      View Details
    • Value Estimation by Request

      795 Ctr St Ste, Unit 5

      CONDOMINIUM OFFICES
      795 Ctr St Ste, Herndon, VA 20170-4684
      View Details
    • Value Estimation by Request
      916 SF

      299 Herndon Pkwy, Unit 106

      CONDOMINIUM OFFICES • 916 SF
      299 Herndon Pkwy, Herndon, VA 20170-4475
      View Details

    Similar Nearby for Sale

    • $295,000
      1,000 SF

      Herndon Office Space: Prime Location

      1,000 sq ft Office, Great Location
      299 Herndon Pkwy, 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
    • Contact for pricing

      Herndon Office Condo - Elden Street

      Prime Herndon office space, elevator access, seller financing.
      131 Elden St, Herndon, VA 20170
      View Details
    • Contact for pricing

      Herndon Office Condo - Great View

      Spacious Herndon office condo, ideal location.
      297 Herndon Pkwy, Herndon, VA 20170
      View Details
    • Contact for pricing

      Herndon Parkway Office Suites Available

      Affordable, renovated offices near Metro
      464 Herndon Pkwy, Herndon, VA 20170
      View Details
    • Contact for pricing

      Herndon Office Condo - Elden Street

      Second-floor office condo, prime Herndon location.
      131 Elden St, Herndon, VA 20170
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tranquil Office Park in Herndon

      Office retreat with wooded setting near Fairfax County Parkway.
      423-491 Carlisle Dr, Herndon, VA 20170
      View Details
    • $3,900 /Mo
      162,479 SF

      Herndon Office Space For Lease

      Office spaces available in Herndon, Virginia, with ample parking.
      950 Herndon Pkwy, Herndon, VA 20170
      View Details
    • Contact for pricing

      Professional Office Space Available

      Furnished office spaces for rent near the new metro station.
      464 Herndon Pkwy, Herndon, VA 20170
      View Details
    • Contact for pricing

      Herndon Retail/Office Space Available

      Second-floor retail/office space in Herndon, near Dulles Airport.
      720 Grant St, Herndon, VA 20170
      View Details
    • $21 SF/Yr
      26,390 SF

      Herndon Office Space For Lease

      Herndon office building with excellent access and amenities.
      510 Spring St, Herndon, VA 20170
      View Details
    Request Owner's contact information
    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.
    106 Elden St, Unit 32
    Herndon, VA 20170-4872
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!