Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Grocery-Anchored Center Title is generated by Realmo AI

    297 Great Road, Bedford, MA 01730

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available in a strong, grocery-anchored center.

    Type:Retail
    Property size:
    29,940 SF
    Added:
    Mar 25, 2026
    Days on Market:
    58
    Last Refresh:
    Mar 16 at 10:12 am

    Property Features for 297 Great Road

    General Information

    Standard status
    Active
    Size
    29,940 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    John Ferris
    John Ferris

    Listing agent John Ferris License #RES.0777085

    Listing office CBRE | Boston

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | Boston

    HighLights

    • Rare junior anchor space available
    • Strong grocery‑anchored center
    • Located close to Interstate 95
    • Strong area incomes and demographics
    • 29,940 SF available
    • 23,500 cars per day on Great Road

    Overview

    Available retail spaces are located in a grocery-anchored center with a strong presence in the market. The location benefits from high traffic volume, with approximately 23,500 cars per day on Great Road. The surrounding area is characterized by strong incomes and favorable demographics. Multiple spaces are available, with sizes including 1,200 SF, 2,400 SF, 5,255 SF and 29,940 SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ocean State Job ... Discount Store T.J. Maxx Clothing & Fashion Store ProNails Spa Nail Salon KeyExpress Locksmiths Locksmith Resharp Sharpening Service

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2624586
    Latitude
    42.4842119

    Nearby Similar for Lease

    • $33 SF/Yr
      1,000 SF

      Retail Unit For Lease

      Retail unit available in Bedford with open floor plan.
      353 Great Road #2, Bedford, MA 01730
      View Details
    • $33 SF/Yr
      1,000 SF

      Retail Unit For Lease

      Retail unit for lease in Bedford with open floorplan.
      353 Great Road #2, Bedford, MA 01730
      View Details
    • Contact for pricing
      15,000 SF

      Renovated Office/Flex Space Available

      Office/flex space for lease in Lexington, near Hartwell Avenue.
      4 Preston Court, Bedford, MA 01730
      View Details
    • $1,600/Mo

      Bedford Center Office Suite

      Second floor office suite in prime Bedford Center location.
      110 Great Rd #207, Bedford, MA 01730
      View Details
    • Contact for pricing
      3,597 SF

      Retail Space on Great Road

      Retail space available on Great Road with high visibility.
      160 Great Rd, Bedford, MA 01730
      View Details
    • Contact for pricing
      12,650 SF

      Bedford Flex/Office Space Available

      6,325± SF flex/office space with ample parking, convenient location.
      1 Deangelo Drive, Bedford, MA 01730
      View Details
    • Contact for pricing
      20,950 SF

      Retail Space in Grocery Anchored Center

      Junior anchor space available in a strong, grocery-anchored center.
      297-337 Great Rd, Bedford, MA
      View Details
    • Contact for pricing
      3,538 SF

      Retail Space in Bedford Marketplace

      Grocery-anchored shopping destination with retail, service, and dining options.
      158 Great Road, Bedford, MA
      View Details
    • Contact for pricing
      140,000 SF

      Bedford Flex/Industrial Space Available

      Flex/Industrial space for rent in Bedford, Massachusetts.
      172 Middlesex Turnpike, Bedford, MA, 01730
      View Details
    • Contact for pricing
      24,783 SF

      Bedford Flex/Industrial Space Available

      56,138 SF flex/industrial space for lease in Bedford, MA.
      8 Crosby Dr, Bedford, MA
      View Details
    • Contact for pricing
      47,055 SF

      Bedford Office Space Available

      Available office space through February 2024 in Bedford, MA.
      174 Middlesex Tpike, Bedford, MA
      View Details
    • Contact for pricing
      104,622 SF

      Bedford Flex/Industrial Space Available

      Flex/industrial space for rent at Route 3 and 62.
      4-8 Crosby Drive, Bedford, MA, 01730
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available in a strong, grocery-anchored center.
    Where is this retail space located?
    The property is located at 297 Great Road Bedford, MA.
    What are key features of this property?
    This property features: Rare junior anchor space available; Strong grocery‑anchored center; Located close to Interstate 95
    (617) 912-6869
    We can help!
    Listing Contact
    John Ferris
    John Ferris
    Real Estate License ID: RES.0777085
    Learn More
    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.
    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

    Thank You for Inquiry
    297 Great Road, Bedford, MA, 01730
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!