4 Preston Ct, Bedford, MA 01730

Building Details

Building Size 24,751 SF More

Year Built 1971 More

Stories 2 More

Tenancy Multi More

Listing Agency: Jeremy Cyrier Show Phone

Listed By: Jeremy Cyrier · License MA #9048314 Show Phone

Source: Isosrealty

Added: Nov 11 Last Checked: Nov 13 at 2:02AM

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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 Jeremy Cyrier

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Investment Insights

Based on property information with market context.

At 4 Preston Court in Bedford, this two-story flex property contains 24,751 square feet and was built in 1971. The multi-tenant building has flexible floor plates and a 4,500-pound-capacity elevator that serves passengers and freight. Current occupants include health providers and research and development users.

The property is adjacent to Lexington’s Hartwell Avenue innovation corridor. Its reported zoning designations are not consistent across the available property details, so no zoning classification is stated here.

Key Highlights

• 24,751 SF across two stories
• 4,500 lb. capacity passenger/freight elevator
• Multi‑tenant building with health providers and R&D occupants

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$264,667

Cap Rate

5.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,293,340 $5.3M

Cap Rate 7%

$3,780,957 $3.8M

Cap Rate 9%

$2,940,744 $2.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 24,751 SF

Gross rent

$398.0K $16.08/SF

− Vacancy

−$19.9K −$0.80/SF

EGI

$378.1K $15.28/SF

− OpEx

−$113.4K −$4.58/SF

NOI

$264.7K $10.69/SF

Area

Middlesex County, MA

Vacancy

5.00%

Lease Rate

$16.08 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,293,340

Cap Rate 7%

$3,780,957

Cap Rate 9%

$2,940,744

Alternative Uses

Best Use

Industrial

$3.78M

$3.31M – $4.41M (±1% cap)

NOI $264,667 @ 7.0% cap · market cap 5.30%

Second Best

Flex RnD

$1.75M

$1.53M – $2.05M (±1% cap)

NOI $122,746 @ 7.0% cap · market cap 2.46%

Theoretical Best

Office A

$14.65M

$12.82M – $17.09M (±1% cap)

NOI $1,025,675 @ 7.0% cap · market cap 20.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Cutting Edge Texstyles Textile Engineer A2Z Garage Door ... Building Supply Forrest Behavioral Health Medical Clinic Data Dynamics Inc Electronics & Wireless Store

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Restaurant HVAC Service Grocery & Convenience 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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

461

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 01730, MA

14,566

Population

5,970

Households

2.4

Avg Household Size

45

Median Age

69%

College-Educated

96%

High-School Grad

12.4 sq mi

ZIP Area

1,175

Density / Sq Mi

$158,286

Median Household Income

$88,504

Median Earnings

$2,430

Median Rent

$878,200

Median Home Value

Market

Average Price Trend$/SF for Flex space in Middlesex County, MA

$321 Jul

$363 Aug

$347 Sep

$386 Oct

Properties on Market for Flex space in Middlesex County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Two floors and a passenger-freight elevator support a range of tenant configurations.

Where is this flex space located?

The property is located at 4 Preston Ct Bedford, MA.

What is the asking price?

The asking price for this property is $4,995,000.

What are key features of this property?

This property features: 24,751 SF across two stories; 4,500 lb. capacity passenger/freight elevator; Multi‑tenant building with health providers and R&D occupants