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Property profile & analytics

74 Bedford St, Unit 1A Lexington, MA 02420-4638

  • Commercial real estate
  • 1,012 SF
  • 0.02 lot acres
OFF-MARKET
Value Estimations
$250,000
Show details
Cap Rate Potential
6.9%
Commercial real estate
Location Intelligence
Property ID
US38-1371951
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

  • Garage Doors Lexington Experts / Garage Door Supplier
  • Helen Hellstrom - Personal Insurance Producer at WTPhelan / Insurance Company / Motorcycle Insurance Agency
  • Fessenden & Sykes Insurance / Insurance Agency
  • Lexington Financial Group / Financial Planner
  • Lisnet / Software Company

Property Details for 74 Bedford St

Year built
1986
Lot size
0.02 lot acres
Property size
1,012 SF
Zone code
CRS
Property type
Commercial real estate
APN
LEXI M:0057 L:080-1A
APU
LEXIM0057L0801A

Description

This exceptional three-story, 40,000-square-foot Class B office building, located in Lexington, Middlesex County, presents a unique single-tenant opportunity. Constructed in 1985 and extensively renovated in 2021, the property boasts a modern aesthetic while retaining its classic charm. The building features a total of 40,000 square feet across three stories, with a single tenant currently occupying 1,940 square feet. The available space offers a flexible layout ideal for a variety of business needs. Key features include eight private offices, four bathrooms, and two well-appointed conference rooms, perfect for collaborative work and client meetings. The building's location near Worthen Street provides excellent accessibility and visibility. While the basement offers storage space, it is not included in the current lease. This property represents a compelling investment opportunity in a thriving Lexington location, offering a blend of classic architecture and modern functionality. The 2021 renovation ensures modern amenities and systems are in place, minimizing future capital expenditure needs. The single-tenant occupancy simplifies management and provides a stable income stream. This is a rare opportunity to acquire a well-maintained, updated office building in a desirable location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $245,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $280,000
    6.5%
    $255,000
    7%
    $240,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $253,000
    Market price range: $131k - $418k
    AI Estimate
    $265,000
    Market price range: $146k - $359k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $260,000
    Current use
    AUTO REPAIR, GARAGE
    $285,000
    Change: +9% Conversion: Difficult
    NEIGHBORHOOD: SHOPPING CENTER
    $280,000
    Change: +7% Conversion: Difficult
    RETAIL STORES
    $275,000
    Change: +4% Conversion: Easy
    OFFICE BUILDING
    $235,000
    Change: -10% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Lexington
County
Middlesex
State
Massachusetts
Longitude
-71.2334
Latitude
42.4538
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
2024
$7,381
$0.00
$305,000
$305,000
-
$0.00
$0.00
$0.00
More about this property
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