Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    232 Hartwell Rd Bedford, MA 01730-2444

    • Investment properties
    • 1,248 SF
    • 24.43 lot acres
    OFF-MARKET
    Last Sale
    Jan 17, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0540366
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 232 Hartwell Rd

    Year built
    1980
    Construction
    FRAME
    Lot size
    24.43 lot acres
    Property size
    1,248 SF
    Zone code
    B
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    BEDF M:069 P:0015
    APU
    BEDFM069P0015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3021
    Latitude
    42.4804
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2015
    $9,374
    $732,800
    $242,700
    $975,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      44,528 SF

      20 Crosby Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 44,528 SF
      20 Crosby Dr, Bedford, MA 01730-1402
      View Details
    • Value Estimation
      $640,000
      3,240 SF

      330 Ss Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,240 SF
      330 Ss Rd, Bedford, MA 01730-2523
      View Details
    • Value Estimation
      $540,000
      3,181 SF

      56 Great Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,181 SF
      56 Great Rd, Bedford, MA 01730-2120
      View Details
    • Value Estimation
      $955,000
      6,843 SF

      40 Nn Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 6,843 SF
      40 Nn Rd, Bedford, MA 01730-1074
      View Details
    • Value Estimation
      $6,395,000
      59,280 SF

      19 Crosby Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 59,280 SF
      19 Crosby Dr, Bedford, MA 01730-1401
      View Details
    • Value Estimation
      $6,555,000
      61,059 SF

      100 Plank St

      OFFICE/RESIDENTIAL (MIXED USE) • 61,059 SF
      100 Plank St, Bedford, MA 01730
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,000 SF

      Prime Bedford Office/Flex Space

      31,000 SF, Class A, 106 Parking Spaces
      13-15 Deangelo Dr, Bedford, MA 01730
      View Details
    • Contact for pricing
      30,000 SF

      Bedford Office Space For Sale

      30,000 SF office space on 2.75 AC in Bedford, MA.
      13 Deangelo Dr, Bedford, MA 01730
      View Details
    • $989,900

      Commercial Condo in Bedford, MA

      Remodeled commercial condo for sale near Bedford Town Center.
      54 Loomis St, Bedford, MA 01730
      View Details
    • $565,000

      Bedford Land with Ranch

      51,401sf lot with 5-room ranch in Bedford, MA.
      62 Carlisle Rd, Bedford, MA 01730
      View Details
    • Contact for pricing
      24,751 SF

      Bedford Office Investment Opportunity

      24,751 SF Flex Space, 68% Occupied
      4 Preston Ct, Bedford, MA 01730
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,770 SF

      Innovation Campus Office Space

      High-profile office space with robust amenities and highway access.
      14 Crosby Dr, Bedford, MA 01730
      View Details
    • Contact for pricing
      12,650 SF

      Bedford Flex/Office Space Available

      6,325± SF flex/office space with ample parking, convenient location.
      1 Deangelo Dr, Bedford, MA 01730
      View Details
    • Contact for pricing
      29,940 SF

      Grocery Anchored Retail Space Available

      Retail space available in grocery-anchored shopping center near Interstate.
      297 Great Rd, Bedford, MA 01730
      View Details
    • Contact for pricing
      38,795 SF

      Great Road Retail Center Space

      Bedford, MA: Prime Retail Opportunity
      297 Great Rd, Bedford, MA 01730
      View Details
    • Contact for pricing
      8,596 SF

      Bedford Retail Space For Lease

      Prime Bedford location, multiple spaces available.
      160 Great Rd, Bedford, MA 01730
      View Details
    • $1,700 /Mo

      Bedford Center Office Suite Rental

      Second floor office suite in a prime Bedford location.
      110 Great Rd, Bedford, MA 01730
      View Details
    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.
    232 Hartwell Rd
    Bedford, MA 01730-2444
    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

    Google sign-in failed. Please try again or use another login method.