Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    3841 Washington Ave Madison, WI 53714

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Howard Johnson Plaza by Wyndham Madison / Lodge / Hotel
    • Madison Plaza Hotel / Hotel
    • Credit Repair / Credit Reporting Agency
    • Ultimate Tax & Accounting Group / Tax Preparation Service / Accounting Firm

    Property Details for 3841 Washington Ave

    Property type
    Land

    Description

    Exceptional commercial land opportunity in Madison, Wisconsin, presents two outlots totaling 38,572 to 45,491 square feet. Strategically located on East Washington Avenue at 3841 E Washington Ave, 53714, in Dane County, this property boasts a prime location within the regional East Towne Mall trade area. Benefit from high visibility and accessibility, situated adjacent to a Hy-Vee grocery store and a significant 190-unit apartment redevelopment project. The site offers convenient access to a traffic light at Lien Road, ensuring easy ingress and egress for customers and employees. Furthermore, its proximity to I-90 provides excellent regional connectivity. This exceptional offering is enhanced by its inclusion in a Transit-Oriented Development (TOD) overlay, presenting significant long-term development potential. The asking price for this rare opportunity is $22 million. This is an ideal location for businesses seeking high traffic volume and strong regional draw. Don't miss this chance to secure a prominent position in a thriving Madison commercial corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3182
    Latitude
    43.1196

    Comparable in this City

    • Value Estimation by Request
      5.56 Acres

      345 Blettner Blvd

      Land • 5.56 Acres
      345 Blettner Blvd, Madison, WI 53714
      View Details
    • Value Estimation
      $475,000
      11,284 SF

      4302 Commercial Ave

      SHOW ROOM, WAREHOUSE • 11,284 SF
      4302 Commercial Ave, Madison, WI 53714-1312
      View Details
    • Value Estimation
      $540,000
      9,680 SF

      22 Atlas Ct

      SHOW ROOM, WAREHOUSE • 9,680 SF
      22 Atlas Ct, Madison, WI 53714-3117
      View Details
    • Value Estimation
      $565,000
      8,540 SF

      3706 Lexington Ave

      SHOW ROOM, WAREHOUSE • 8,540 SF
      3706 Lexington Ave, Madison, WI 53714
      View Details
    • Value Estimation
      $820,000
      4,000 SF

      4202 Commercial Ave

      COMMERCIAL (GENERAL) • 4,000 SF
      4202 Commercial Ave, Madison, WI 53714-1310
      View Details
    • Value Estimation
      $2,435,000
      16,200 SF

      615 Mayfair Ave

      SHOW ROOM, WAREHOUSE • 16,200 SF
      615 Mayfair Ave, Madison, WI 53714-1429
      View Details

    Similar Nearby for Sale

    • $969,000
      9,800 SF

      Madison Commercial Building - Prime Location

      High-Visibility Commercial Space, Excellent Investment
      43 Stoughton Rd, Madison, WI 53714
      View Details
    • $265,000
      11,276 SF

      Madison Office Suite - Prime Location

      High-end office space, ideal for business owners.
      4001 Nakoosa Trl, Madison, WI 53714
      View Details
    • $2,016,000

      5.56 Acres Vacant Land

      High visibility vacant land opportunity in Madison, Wisconsin.
      345 Blettner Blvd, Madison, WI 53714
      View Details
    • New
      $315,000
      0.12 Acres

      Vacant Lot with Lake Views

      Vacant lot in Atwood neighborhood with views of Lake Monona.
      3606 Atwood Ave, Madison, WI 53714
      View Details
    • $1,500,000
      21,490 SF

      Madison Flex/Industrial Building For Sale

      Highly visible flex/industrial building on Madison's East side.
      361 Blettner Blvd, Madison, WI 53714
      View Details
    • $2,300,000
      24,000 SF

      Madison Industrial Portfolio: 24,000 SF

      Seven-unit warehouse, ideal owner-user. Strong income, prime location.
      4450-4462 Robertson Rd, Madison, WI 53714
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      80,945 SF

      Madison Executive Office Space

      Class A Office Building, 80,945 SF Available
      313 Blettner Blvd, Madison, WI 53714
      View Details
    • $11 SF/Yr
      9,800 SF

      Stoughton Road Industrial Building

      9,800 SF industrial building with showroom, warehouse, and flex space.
      43 S Stoughton Rd, Madison, WI 53714
      View Details
    • Contact for pricing
      277,898 SF

      Office Building on 41 Acres

      277,898 SF office building available for lease or sale.
      302 N Walbridge Ave, Madison, WI 53714
      View Details
    • $15 SF/Yr
      1,604 SF

      Executive Office Suite for Lease

      Prime Corner Location, 1604 sq ft
      1 Dempsey Rd, Madison, WI 53714
      View Details
    • Contact for pricing
      18,689 SF

      East Madison Flex/Warehouse Building

      Office, flex, and warehouse space available for lease in Madison.
      4253 Argosy Ct, Madison, WI 53714
      View Details
    • $18 SF/Yr
      1,002 SF

      MacArthur Road Office Space Available

      Office suite with amenities near major highways.
      1414 Macarthur Rd, Madison, WI 53714
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3841 Washington Ave
    Madison, WI 53714
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.