Prestressed iron-based shape memory alloy (Fe-SMA) strengthening is an effective means to enhance the performance of reinforced concrete (RC) structures. The applied prestress level significantly influences the strengthening efficiency. However, the absence of a reliable model predicting the applied prestress hinders the efficient design of prestressed Fe-SMA strengthening solutions. To fill this gap, the current study proposes an analytical model, with which a constant zone and a transfer zone are identified in strengthened RC beams. The constant zone, with zero interfacial shear stress, sustains a constant prestress level, while the transfer zone, experiencing non-zero shear stress, gradually reduces the Fe-SMA tensile stress from the prestress level to zero. Validated through experiments, the proposed model accurately predicts the applied prestress levels and prestress-induced deflections in RC beams strengthened with Fe-SMAs and more conventional carbon fiber reinforced polymers (CFRPs). Further analysis reveals that the transfer zone length ranges from 4 to 7 characteristic lengths, and it is proportional to the logarithm of the applied prestress level. Simplifying a constant prestress level within the beam span yields sufficiently accurate prestress analysis.