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    4704 East Washington Ave Madison, WI 53704

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    For Sale
    $2,447,000

    Fully leased retail property with long-term tenants and high visibility.

    Property size:
    5,455 SF

    Property Features for 4704 East Washington Ave

    General Information

    Size
    5,455 SF

    Building Details

    Year built
    2020

    Source: Chris Etmanczyk Agent Chris Etmanczyk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Retail Investment Property

    This fully leased retail property features a 5,455-square-foot building situated on a 0.596-acre lot. The property is currently occupied by Basecamp Fitness and Batteries Plus, both operating under NNN leases. The location benefits from high traffic counts, excellent visibility, and frontage along East Washington Avenue. It is positioned directly across from the main entrance of East Towne Mall and includes 15 surface parking spaces. The property generates a net operating income (NOI) of $159,093 and is offered at a 6.5% capitalization rate. The property is intended for retail use.
    Location Intelligence

    Current Use by Public Records

    Basecamp Fitness Madison ... Gym

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3045841
    Latitude
    43.1316601

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    FAQs

    What type of property is this?
    Strip mall - Fully leased retail property with long-term tenants and high visibility.
    Where is this strip mall located?
    The property is located at 4704 East Washington Ave Madison, WI.
    What is the asking price?
    The asking price for this property is $2,447,000.
    What are key features of this property?
    This property features: - Fully leased with NNN leases providing stable, passive income.; - High traffic location directly across from East Towne Mall entrance.; - Strong tenants: Basecamp Fitness and Batteries Plus.
    (608) 212-3033
    Request Owner's contact information
    4704 East Washington Ave Madison, WI 53704
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    Realmo Value Estimation

    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.

    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.

    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
    4704 East Washington Ave Madison, WI 53704
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