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    Property profile & analytics

    4201 Washington Ave Madison, WI 53704

    • Community centers
    • 6,144 SF
    • 3.86 lot acres
    For Lease
    View listing
    Value Estimation
    $9,015,000
    Last Sale
    Apr 01, 2022
    $8,400,000
    Location Intelligence
    Property ID
    US92-1104972
    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

    • Community centers

    Property Details for 4201 Washington Ave

    Year built
    1965
    Lot size
    3.86 lot acres
    Property size
    6,144 SF
    Zone code
    CC-T
    Property type
    Community centers
    APN
    0810-284-0808-8
    APU
    81028408088

    Description

    Essex Square, located at 4201 E Washington Ave in Madison, Wisconsin, presents a compelling retail investment opportunity. This multi-tenant commercial property boasts a total of 44,772 square feet, with 10,028 square feet currently vacant and available for lease. The property offers flexible space options, accommodating tenants seeking anywhere from a minimum of 750 square feet to a maximum contiguous space of 4,698 square feet. Its prime location in Dane County, within the vibrant city of Madison (zip code 53704), ensures high visibility and accessibility for businesses. The property's strategic placement on E Washington Ave provides excellent exposure to significant foot traffic and vehicular access. This is an exceptional chance to establish or expand a retail presence in a thriving Madison market. The available spaces are ideal for a variety of retail uses, offering a unique opportunity to tailor the space to meet specific business needs. Interested parties are encouraged to inquire about lease terms and availability. The property is situated at 43.125287 latitude and -89.3103749 longitude.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,170,000

    • CAP approach

      CAP return
      Estimation
      6%
      $8,145,000
      6.5%
      $8,710,000
      7%
      $8,060,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $8,240,000
      Geo Method
      $7,575,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,070,000
      Retail
      $9,360,000
      Mixed-Use
      $9,130,000
      Hospitality
      $8,755,000
      Educational
      $9,055,000
      Residential Income
      $7,920,000
      Energy
      $10,025,000
      Income-Based Land
      $9,025,000
      Food Service
      $8,515,000

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3104
    Latitude
    43.1253
    CBSA code
    31540
    CBSA name
    MADISON, WI 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
    2022
    $129,706
    $1,570,000
    $4,980,000
    $6,550,000
    -
    $0.00
    $0.00
    $0.00

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      MINI-MALL • 5,255 SF
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      MINI-MALL • 7,334 SF
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    • Value Estimation by Request
      28,628 SF

      4237 Lien Rd

      MINI-MALL • 28,628 SF
      4237 Lien Rd, Madison, WI 53704-3686
      View Details

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    4201 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
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