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    4 Preston Ct Bedford, MA 01730

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    For Sale
    Contact for pricing

    24,751 SF Flex Space, 68% Occupied

    Property size:
    24,751 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 24,751+/- square foot, two-story Class B office building situated on a 1.38-acre lot in Bedford, Massachusetts (01730), at 4 Preston Ct. The property, built in 1974 and renovated in 1999, features 13,280 square feet of net rentable space currently 68% occupied across six units. The flexible layout is ideal for office, R&D, lab, biotech, or light manufacturing uses, supported by a 4,500 lb capacity passenger/freight elevator. The IND-B zoning allows for a variety of uses. Ample parking is provided at a rate of 3.64 spaces per 1,000 square feet. This multi-tenant property benefits from its strategic location near Lexington's Hartwell Avenue, offering easy access to Routes 2, 3, 128, and 225, as well as proximity to Hanscom Air Force Base and the Minuteman Bike Path. The area boasts a dense concentration of highly skilled professionals (approximately 16,053 within a 3-mile radius), with notable neighbors including Thermo Fisher Scientific, Stoke, Diversified Technologies, Cubic PV, and UCB. The property is also surrounded by conservation land, creating a desirable work environment. A recent Thermo Fisher Scientific lease renewal underscores the location's appeal. The significant vacancy presents an opportunity to increase net operating income (NOI) through leasing or owner-occupancy. This property offers a compelling combination of location, flexibility, and growth potential.

    Property Features for 4 Preston Ct

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    24,751 SF
    Class
    B
    Lot Size
    60,113 SF

    Building Details

    Year Built/Renovated
    1974/1999
    Stories
    2
    Units
    6

    HighLights

    • Exceptional investment opportunity: 24,751+/- SF, two‑story Class B office building on 1.38 acres in Bedford, MA.
    • Prime location near Routes 2, 3, 128, and 225, with proximity to Hanscom AFB.
    • High concentration of skilled professionals (16,053 within 3 miles), including major employers like Thermo Fisher Scientific.
    • Significant vacancy (32%) allows for NOI growth through leasing or owner‑occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cutting Edge Texstyles Textile Engineer A2Z Garage Door ... Garage Door Supplier Forrest Behavioral Health Addiction Treatment Center Data Dynamics Inc Computer Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.26413763
    Latitude
    42.48249639

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    FAQs

    What type of property is this?
    Office Property / Space - 24,751 SF Flex Space, 68% Occupied
    Where is this office property / space located?
    The property is located at 4 Preston Ct Bedford, MA.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 24,751+/- SF, two-story Class B office building on 1.38 acres in Bedford, MA.; Prime location near Routes 2, 3, 128, and 225, with proximity to Hanscom AFB.; High concentration of skilled professionals (16,053 within 3 miles), including major employers like Thermo Fisher Scientific.
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    4 Preston Ct Bedford, MA 01730
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    Realmo Value Estimation

    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.

    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.

    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
    4 Preston Ct Bedford, MA 01730
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