Building Details

Building Size 24,751 SF

Year Built 1971

Stories 2

Tenancy Multi

Listed By: Amanda Lucido Hodges Show Phone

Source: Bournetosellrealestate

Added: Dec 8, 2025 Changed: Oct 8 Last Checked: Oct 7 at 9:01AM

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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 Amanda Lucido Hodges

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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.

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

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$263,274

Cap Rate

4.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,265,480 $5.3M

Cap Rate 7%

$3,761,057 $3.8M

Cap Rate 9%

$2,925,267 $2.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 24,751 SF

Gross rent

$398.0K $16.08/SF

− Vacancy

−$21.9K −$0.88/SF

EGI

$376.1K $15.20/SF

− OpEx

−$112.8K −$4.56/SF

NOI

$263.3K $10.64/SF

Area

Middlesex County, MA

Vacancy

5.50%

Lease Rate

$16.08 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,265,480

Cap Rate 7%

$3,761,057

Cap Rate 9%

$2,925,267

Alternative Uses

Best Use

Office B

$11.22M

$9.82M – $13.09M (±1% cap)

NOI $785,359 @ 7.0% cap · market cap 14.83%

Second Best

Industrial

$3.76M

$3.29M – $4.39M (±1% cap)

NOI $263,274 @ 7.0% cap · market cap 4.97%

Theoretical Best

Office A

$14.65M

$12.82M – $17.09M (±1% cap)

NOI $1,025,675 @ 7.0% cap · market cap 19.37%

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

Property Analytics

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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

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

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