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

    60 Bedford St Lexington, MA 02420-4334

    • Commercial real estate
    • 2.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1194378
    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

    • Walgreens / Cosmetics Store / Greeting Card Shop
    • Starbucks / Cafe / Coffee Store
    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Walgreens Pharmacy / Pharmacy
    • FedEx OnSite / Mailing Service

    Property Details for 60 Bedford St

    Lot size
    2.25 lot acres
    Zone code
    CRS
    Property type
    Commercial real estate
    APN
    LEXI M:0057 L:000079
    APU
    LEXIM0057L000079

    Description

    This exceptional 180-square-foot retail space, previously used as an ATM, is available for lease in the vibrant town of Lexington, Massachusetts. Located at 60 Bedford Street, this property offers a unique opportunity for a variety of businesses seeking a high-visibility location. The space is entirely vacant, providing a blank canvas for your vision. The building's total square footage is 180 square feet, making it ideal for a small retail operation, kiosk, or other similar use. The property is situated in Middlesex County, offering easy access to major transportation routes and a thriving local community. The address is 60 Bedford Street, Lexington, MA 02420. This location benefits from high foot traffic and excellent visibility, ensuring maximum exposure for your business. The property is categorized as retail and is suitable for multiple tenants, though the entire 180 square feet is currently available. This presents a rare chance to establish a presence in a desirable Lexington location. The property's convenient location and versatile space make it an attractive option for entrepreneurs and established businesses alike. Serious inquiries are encouraged to explore the possibilities this unique retail space offers. The property is ready for immediate occupancy.

    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
    Lexington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2336
    Latitude
    42.4531
    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
    2020
    $135,664
    $2,365,000
    $3,400,000
    $5,765,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      1,630 SF

      1775 Massachusetts Ave Ste, Unit 2

      COMMERCIAL CONDOMINUIM • 1,630 SF
      1775 Massachusetts Ave Ste, Lexington, MA 02420-5322
      View Details
    • Value Estimation
      $315,000
      1,173 SF

      76 Bedford St Ste, Unit 7

      COMMERCIAL CONDOMINUIM • 1,173 SF
      76 Bedford St Ste, Lexington, MA 02420-4640
      View Details
    • Value Estimation
      $330,000
      1,327 SF

      76 Bedford St Ste, Unit 9

      COMMERCIAL CONDOMINUIM • 1,327 SF
      76 Bedford St Ste, Lexington, MA 02420-4640
      View Details
    • Value Estimation
      $235,000
      417 SF

      844 Massachusetts Ave

      COMMERCIAL CONDOMINUIM • 417 SF
      844 Massachusetts Ave, Lexington, MA 02420-3921
      View Details
    • Value Estimation
      $370,000
      1,083 SF

      76 Bedford St Ste, Unit 3

      COMMERCIAL CONDOMINUIM • 1,083 SF
      76 Bedford St Ste, Lexington, MA 02420-4640
      View Details
    • Value Estimation
      $300,000
      1,083 SF

      76 Bedford St Ste, Unit 5

      COMMERCIAL CONDOMINUIM • 1,083 SF
      76 Bedford St Ste, Lexington, MA 02420-4640
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $2,000 /Mo
      650 SF

      Lexington Retail/Office Space For Rent

      Retail or office space for rent near Lexington Center.
      33 Bedford St, Lexington, MA 02420
      View Details
    • Contact for pricing
      12,086 SF

      Lexington Office/Retail Space Available

      Versatile 3,715 SF office/retail space in Lexington, MA.
      1776 Massachusetts Ave, Lexington, MA 02420
      View Details
    • Contact for pricing
      5,668 SF

      Downtown Lexington Retail Space Available

      Store-front retail property in the heart of downtown Lexington.
      1833-1853 Massachusetts Ave, Lexington, MA 02420
      View Details
    • $35 SF/Yr

      Prime Retail/Office Space Lexington

      High-visibility retail/office space in historic Lexington Center.
      1844 Massachusetts Ave, Lexington, MA 02420
      View Details
    • $2,150 /Mo

      Retail Space on Bedford Street

      Highly visible retail space near Minuteman Bikeway and Stop & Shop.
      235 Bedford St, Lexington, MA 02420
      View Details
    • $2,000 /Mo

      Lexington Retail or Office Space

      Retail or office space for rent near Lexington Center.
      33 Bedford 2, Lexington, MA 02420
      View Details
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    60 Bedford St
    Lexington, MA 02420-4334
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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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