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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    160 Great Rd Bedford, MA 01730

    • Neighborhood centers
    • 8,596 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Marshalls / T-Shirt Store / Women'S Clothing Store
    • Veterans Memorial Park / Memorial Park

    Property Details for 160 Great Rd

    Property size
    8,596 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This exceptional retail opportunity, known as Bedford Marketplace, presents 8,596 square feet of completely vacant space in a prime Bedford, Massachusetts location at 160 Great Road, zip code 01730. The property, situated in Middlesex County, is a strip center offering flexible lease options for multiple tenants. Individual spaces range from a minimum of 2,353 square feet to a maximum contiguous space of 6,234 square feet, providing versatility for various business needs. The building underwent renovations in 2016, ensuring modern amenities and a well-maintained structure. Ample parking is available with 700 spaces to accommodate customers and employees. The property's classification includes retail and restaurant uses, making it ideal for a variety of businesses. Its strategic location in Bedford offers excellent visibility and accessibility, providing a strong foundation for success. The entire 8,596 square feet is currently available for lease, presenting a unique chance to establish a significant presence in this thriving market. This is a rare opportunity to secure a substantial retail space in a highly desirable location. Contact us today to learn more about this exceptional property and its leasing possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2738
    Latitude
    42.4914

    Comparable in this City

    • Value Estimation by Request
      4,596 SF

      363 Great Rd

      Industrial properties • 4,596 SF
      363 Great Rd, Bedford, MA 01730
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    • Value Estimation
      $845,000
      3,804 SF

      32 Shawsheen Ave

      REGIONAL SHOPPING CENTER, MALL • 3,804 SF
      32 Shawsheen Ave, Bedford, MA 01730-1913
      View Details
    • Value Estimation
      $2,175,000
      12,920 SF

      186 Great Rd

      REGIONAL SHOPPING CENTER, MALL • 12,920 SF
      186 Great Rd, Bedford, MA 01730-2710
      View Details
    • Value Estimation
      $6,440,000
      46,065 SF

      200 Great Rd

      REGIONAL SHOPPING CENTER, MALL • 46,065 SF
      200 Great Rd, Bedford, MA 01730-2711
      View Details
    • Value Estimation by Request
      2,326 SF

      306 Great Rd

      RESTAURANT • 2,326 SF
      306 Great Rd, Bedford, MA 01730
      View Details
    • Value Estimation by Request
      3,955 SF

      346 Great Rd

      RESTAURANT • 3,955 SF
      346 Great Rd, Bedford, MA 01730-2806
      View Details

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      Bedford Retail Space For Lease

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    160 Great Rd
    Bedford, MA 01730
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    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
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