Two-Story R&D Flex
4 Preston Ct Bedford Bedford, MA 01730
4 Preston Ct Bedford, Bedford, MA, 01730
$5,295,000
For Sale
$5,295,000
Two-story multi-tenant flex building with elevator-served flexible floor plates in an I2 zoning district.
Property Size24,751 SF
Price / SF$213.93
Days on Market225
Property Features for 4 Preston Ct Bedford
General Information
- Standard status
- Active
- Size
- 24,751 SF
Building Details
- Year Built
- 1971
Listing agency
(508) 643-8166
Listed by
Amanda Lucido Hodges
(508) 643-8166
Source
Bournetosellrealestate
Added: Dec 8, 2025 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 3:20AM
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 Amanda Lucido Hodges
Investment Insights
Based on property information with market context.
4 Preston Court is a two-story, multi-tenant R&D and flex building totaling approximately 24,751 SF. The property is designed with flexible floor plates and is serviced by a passenger/freight elevator with a 4,500 lb. capacity, supporting a broad range of office and lab-adjacent operational uses. The building’s configuration lends itself to an owner-user strategy, with the ability to occupy part of the space while retaining rental income from existing tenants.
The property is located in Bedford’s IND-B (I2) zoning district. The building is described as positioned adjacent to Lexington’s Hartwell Avenue innovation corridor.
From a tenant or buyer perspective, the I2 zoning classification is noted as supporting medical office and out-patient clinic uses by right, alongside corporate office, R&D, laboratory, biotech, and light manufacturing. Current tenancy is described as diverse and includes health providers and R&D occupants, reflecting a mix of compatible professional and technology-oriented users. Overall, this is a versatile flex/R&D asset built for operations that benefit from elevator-serviced space and flexible floor plate layouts.
The property is located in Bedford’s IND-B (I2) zoning district. The building is described as positioned adjacent to Lexington’s Hartwell Avenue innovation corridor.
From a tenant or buyer perspective, the I2 zoning classification is noted as supporting medical office and out-patient clinic uses by right, alongside corporate office, R&D, laboratory, biotech, and light manufacturing. Current tenancy is described as diverse and includes health providers and R&D occupants, reflecting a mix of compatible professional and technology-oriented users. Overall, this is a versatile flex/R&D asset built for operations that benefit from elevator-serviced space and flexible floor plate layouts.
Key Highlights
- 24,751 +/- SF, two‑story multi‑tenant R&D/flex building built in 1971
- Flexible floor plates served by a 4,500 lb capacity passenger/freight elevator
- Configured for an owner‑user to occupy about 50–60% while retaining income from an existing tenant base
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $398.0k | $16.08 |
| − Vacancy | −$21.9k | −$0.88 |
| EGI | $376.1k | $15.20 |
| − OpEx | −$112.8k | −$4.56 |
| NOI | $263.3k | $10.64 |
24,751 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$11.22M
$9.82M – $13.09M
NOI $785,359 @ 7.0% cap · market cap 14.83%
Second Best
Healthcare Medical
$10.26M
$8.98M – $11.97M
NOI $718,446 @ 7.0% cap · market cap 13.57%
Theoretical Best
Office A
$14.65M
$12.82M – $17.09M
NOI $1,025,675 @ 7.0% cap · market cap 19.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cutting Edge Texstyles
Textile Engineer
A2Z Garage Door ...
Building Supply
Forrest Behavioral Health
Medical Clinic
Data Dynamics Inc
Electronics & Wireless Store
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FAQs
What type of property is this?
Flex space - Two-story multi-tenant flex building with elevator-served flexible floor plates in an I2 zoning district.
Where is this flex space located?
The property is located at 4 Preston Ct Bedford Bedford, MA.
What is the asking price?
The asking price for this property is $5,295,000.
What are key features of this property?
This property features: 24,751 +/- SF, two‑story multi‑tenant R&D/flex building built in 1971; Flexible floor plates served by a 4,500 lb capacity passenger/freight elevator; Configured for an owner‑user to occupy about 50–60% while retaining income from an existing tenant base
