428 North Road, Bedford, MA 01730

Building Details

Building Size 1,862 SF More

Year Built 1975 More

Buildings 1 More

Construction masonry More

Listing Agency: John R. Peterson Real Estate

Listed By: John R. Peterson · License MA #75186 Show Phone

Source: Churchillprop

Added: Sep 24 Changed: Oct 31 Last Checked: Nov 8 at 3:56AM

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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 John R. Peterson Real Estate

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Investment Insights

Based on property information with market context.

This 1,862-square-foot masonry property has two front entrances, handicap access, three arched windows, an open main area, additional rooms, and three half-baths. A partial basement provides additional space. The building was constructed in 1975 and has a standing sign.

The property is currently approved for a beauty salon. A change of business requires a special permit from the town. Potential residential use on upper floors, up to 35 feet in height, is subject to town approval.

Key Highlights

• 1,862 square feet plus a partial basement
• Currently approved for a beauty salon; a business change requires a town special permit
• Two front entrances and handicap access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,762

Suggested Prices Based on Cap Rates

Cap Rate 5%

$535,240 $535.2K

Cap Rate 7%

$382,314 $382.3K

Cap Rate 9%

$297,356 $297.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,862 SF

Gross rent

$40.9K $21.96/SF

− Vacancy

−$2.7K −$1.43/SF

EGI

$38.2K $20.53/SF

− OpEx

−$11.5K −$6.16/SF

NOI

$26.8K $14.37/SF

Area

Middlesex County, MA

Vacancy

6.50%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$535,240

Cap Rate 7%

$382,314

Cap Rate 9%

$297,356

Alternative Uses

Best Use

Retail

$382.3K

$334.5K – $446.0K (±1% cap)

NOI $26,762 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.10M

$964.5K – $1.29M (±1% cap)

NOI $77,161 @ 7.0% cap

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

Renzo Salon Hair Salon

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Auto Repair Shop Big Box & Wholesale Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

81

Businesses Nearby

Balanced

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 Spa & wellness properties in Middlesex County, MA

$182 Jul

$53.05 Aug

$49.06 Sep

$56.99 Oct

Properties on Market for Spa & wellness properties in Middlesex County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Spa & wellness property - The 1,862-square-foot property includes a partial basement, accessible entry, and three half-baths.

Where is this spa & wellness property located?

The property is located at 428 North Road Bedford, MA.

What are key features of this property?

This property features: 1,862 square feet plus a partial basement; Currently approved for a beauty salon; a business change requires a town special permit; Two front entrances and handicap access