Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Marlborough Flex Building For Rent Title is generated by Realmo AI

    734 Forest Street, Marlborough, MA 01752

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

    Office/flex suite in Cedar Hill Business Park, Marlborough, MA.

    Type:FlexIndustrial
    Property size:
    10,343 SF
    Added:
    Nov 22, 2025
    Days on Market:
    181
    Last Refresh:
    Apr 5 at 8:39 pm

    Property Features for 734 Forest Street

    General Information

    Standard status
    Active
    Size
    10,343 SF
    Property subtype
    FlexIndustrial

    Spaces For Lease

    at 734 Forest Street Contact us

    We can help!

    Listing Contact
    Danielle Frisch
    Danielle Frisch

    Listing agent Danielle Frisch

    Listing office CBRE | Boston

    Listing date Nov 22, 2025

    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

    • Convenient access to major highways (I‑495, I‑90, I‑290, Route 9).
    • Versatile ±10,300 SF office/flex suite.
    • Ample parking with a ±3.6/1,000 parking ratio.
    • Access to one dedicated loading dock.
    • Located within Cedar Hill Business Park.
    • Ability to be delivered fully furnished.

    Overview

    This ±55,000 SF flex building is located between Massachusetts' major highway systems, providing convenient access throughout Massachusetts and New England. The available ±10,300 SF office/flex suite offers versatility with ample parking at a ±3.6/1,000 ratio. The suite can be delivered fully furnished and provides access to one dedicated loading dock. Located within Cedar Hill Business Park, 734 Forest Street is situated directly off the Interstate 495 and Simarano Drive in Marlborough, offering tenants convenient access to Route 9, Interstate 90 and Interstate 290.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Spa & Massage Center Real Estate Agency Auto Repair Shop Auto Parts Store Food Market Storage Facility Department Store HVAC Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marlborough
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.591
    Latitude
    42.3202

    Nearby Similar for Lease

    • $1,500/Mo
      1,500 SF

      Downtown Marlborough Commercial Suite

      Versatile commercial suite in downtown Marlborough, available for immediate occupancy.
      25 Newton St #B, Marlborough, MA 01752
      View Details
    • $2,200/Mo

      Renovated Commercial Property with Options

      Versatile commercial property in Marlborough with flexible leasing options.
      344 Boston Post Road E, Marlborough, MA 01752
      View Details
    • $1,500/Mo
      350 SF

      Office Space Near Route 495

      Office space with easy access to Route 495.
      231 Lakeside Ave #2, Marlborough, MA 01752
      View Details
    • $24 SF/Yr
      14,392 SF

      Marlborough Retail and Office Space

      Retail and office spaces with great visibility and ample parking.
      530 Boston Post Rd E, Marlborough, MA 01752
      View Details
    • $1,500/Mo

      Office Space Near Route 495

      Office space with parking, ideal for small business.
      231 Lakeside Ave 2, Marlborough, MA 01752
      View Details
    • Contact for pricing
      118,016 SF

      Marlborough Flex/Industrial Space Available

      118,016 SF flex/industrial space near major highways.
      401 Elm Street, Marlborough, MA 01752
      View Details
    • Contact for pricing
      14,075 SF

      Marlborough Industrial Building For Lease

      14,075 SF free-standing industrial building with flexible space.
      121 Bartlett Street, Marlborough, MA 01752
      View Details
    • Contact for pricing
      42,058 SF

      Marlborough Flexible Industrial Space

      Flexible industrial space for lease in a prime Marlborough location.
      896 Boston Post Rd, Marlborough, MA 01752
      View Details
    • $3,500/Mo

      Commercial Office Space For Lease

      Commercial office space for lease with high visibility frontage.
      61 Boston Post Rd E, Marlborough, MA 01752
      View Details
    • $1,200/Mo

      Single Office Space For Rent

      Office space with shared conference room and fitness center access.
      289 Elm St #108, Marlborough, MA 01752
      View Details
    • $15,000/Mo
      30,000 SF

      Marlborough Flex/Office Building Available

      30,000 SF flex/office building for sale or lease.
      237 Cedar Hill St, Marlborough, MA 01752
      View Details
    • $3,500/Mo

      Commercial Office Space For Lease

      Commercial office space for lease with high visibility frontage.
      61 Boston Post Rd E, Marlborough, MA 01752
      View Details

    FAQs

    What type of property is this?
    Flex space - Office/flex suite in Cedar Hill Business Park, Marlborough, MA.
    Where is this flex space located?
    The property is located at 734 Forest Street Marlborough, MA.
    What are key features of this property?
    This property features: Convenient access to major highways (I‑495, I‑90, I‑290, Route 9).; Versatile ±10,300 SF office/flex suite.; Ample parking with a ±3.6/1,000 parking ratio.
    (781) 964-0575
    We can help!
    Listing Contact
    Danielle Frisch
    Danielle Frisch
    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
    734 Forest Street, Marlborough, MA, 01752
    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!