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Property profile & analytics
FOR LEASE
Life science properties
35 Crosby Dr, Bedford, MA 01730
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US38-1021868
For Lease
1 / 2
$3,210,000
35 Crosby Dr, Bedford, MA 01730
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1967
Construction
STEEL FRAME
Total area
206,532 SF
Lot
20.25 ac (881,916 SF)
Zoning code
IND
APN
BEDF M:030 P:0012
UPID
US38-1021868
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
-
Hologic Inc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.21M
Owner & transaction history
Heritage Middlesex LLC · 20 yrs held
Heritage Middlesex LLC
since 2005
7 recorded transactions
Zoning & alternative use
IND · Bedford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$16 / 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
$685,298
Tax year 2024
Assessed value
$25,666,600
Assessed 2024
Previous assessed
$25,666,600
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$12,023,500
Assessed improvement
$13,643,100
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
1967
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Bathrooms
16
Total area
206,532 SF
Lot
20.25 ac (881,916 SF)
Zoning code
IND
APN
BEDF M:030 P:0012
UPID
US38-1021868
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.
Building & site characteristics
From public records
Year built
1967
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Bathrooms
16
Lot
20.25 ac
Current owner
From public records · entity-resolved
Heritage Middlesex LLC
Entity
Mailing address
600 5TH AVE FL, NEW YORK, NY 10020-2316
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2005
$3,280,000
Heritage Middlesex LLC
50 Middlesex Tpke T
Deed
$2,600,000 · Citizens Bank Of Ma
Sep 21, 2005
—
Heritage Middlesex LLC
—
Deed Of Trust
related
$650,000 · Peter C Nordblom
Aug 4, 2003
—
Bone De Qrs 15-12 INC
—
Deed Of Trust
related
$18,500,000 · Gmac Commercial Mortgage Corp
Dec 23, 2002
$9,453,879
Bone De Qrs 15-12 INC
Bone De Qrs 15-12 INC
Grant Deed
related
—
Sep 6, 2002
$26,250,000
Bone De Qrs 15-12 INC
Hologic INC
Grant Deed
—
Sep 18, 2000
—
Hologic INC
—
Deed Of Trust
related
$25,000,000 · Zuckerman Family Nomi
Apr 29, 1997
$3,650,000
35 Crosby Dr LLC
Basf Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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