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Property profile & analytics
OFF-MARKET
Estimated value
$26,650,000
Office buildings
14 Oak Park Dr, Bedford, MA 01730-1414
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0428323
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
STEEL FRAME
Total area
171,300 SF
Lot
13.84 ac (602,870 SF)
Zoning code
IND
APN
BEDF M:020 P:0032
UPID
US38-0428323
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Progress (Bike/Boat/Book/etc) Store Corporate Office
-
Progress DataDirect (Bike/Boat/Book/etc) Store Corporate Office
-
Skynetsoftware (Bike/Boat/Book/etc) Store Corporate Office
-
Easy Ask Inc Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$31.96M
Blend (final)
Blend
$26.65M
Owner & transaction history
Pix Ro Oak Pk Prop Co LLC · 4 yrs held
Pix Ro Oak Pk Prop Co LLC
since 2022
Last sale
$27.0M
5 recorded transactions
Zoning & alternative use
IND · Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$44.3M
+18.1%
Apartment house (5+ units)
$39.5M
+5.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bedford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$24,980,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$37,490,000
Current use
COMMERCIAL (GENERAL)
$44,265,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$39,470,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$26.65M
Range $23.99M – $29.32M · ±10% · vs last sale $27.00M (Apr 25 2022)
Last sale anchor
$27.00M
Apr 25 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$156 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$565,960
Tax year 2024
Assessed value
$21,197,000
Assessed 2024
Previous assessed
$21,197,000
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$9,947,400
Assessed improvement
$11,249,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
12
Total area
171,300 SF
Lot
13.84 ac (602,870 SF)
Zoning code
IND
APN
BEDF M:020 P:0032
UPID
US38-0428323
Jurisdiction
BEDFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
IND · Bedford, MA
Zoning IND · permitted uses
IND · Bedford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bedford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$37.5M
COMMERCIAL (GENERAL)
Est. value
$44.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$39.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
12
Lot
13.84 ac
Current owner
From public records · entity-resolved
Pix Ro Oak Pk Prop Co LLC
Entity
Mailing address
2 SEAPORT LN, BOSTON, MA 02210-2001
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2022
$27,000,000
Pix Ro Oak Pk Prop Co LLC
Progress Software Corp
Quit Claim Arm's Length For Ne States
$82,226,699 · Acrc Lender LLC
Oct 12, 2000
$15,675,000
Progress Software Corp
New Boston Orion LP
Grant Deed
—
Mar 14, 2000
—
New Boston Orion LP
—
Deed Of Trust
related
$6,200,000 · Wainwright Bank & Trust Co
Feb 24, 1997
—
New Boston Orion LP
—
Deed Of Trust
related
$6,000,000 · Principal Mutual Life Ins
Aug 20, 1996
$8,580,000
New Boston Orion LP
Equitable Life Assur
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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