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    Property profile & analytics

    118 3rd St Madison, NE 68748

    • Individual retail properties
    • 1,152 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 11, 2022
    Location Intelligence
    Property ID
    US57-0873599
    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

    • Looks by Tania / Hairdresser
    • Faith Regional Physician Services Madison Family Medicine / Medical Clinic / Family Practice Physician
    • Designer Brows by Crystal / Permanent Make-Up Clinic
    • Farm Bureau Insurance / Insurance Agency

    Property Details for 118 3rd St

    Year built
    1960
    Construction
    CONCRETE BLOCKS
    Lot size
    0.05 lot acres
    Property size
    1,152 SF
    Zone code
    COMMERCIAL
    Property type
    Individual retail properties
    APN
    590010840
    APU
    590010840

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Nebraska
    Longitude
    -97.4558
    Latitude
    41.8282
    CBSA code
    35740
    CBSA name
    NORFOLK, NE MICROPOLITAN 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
    2023
    $816
    $3,366
    $41,827
    $45,193
    -
    $3,366
    $41,827
    $45,193

    Comparable in this City

    • Value Estimation
      $65,000
      1,588 SF

      308 Main St

      LAUNDROMAT (SELF-SERVICE) • 1,588 SF
      308 Main St, Madison, NE 68748-6476
      View Details
    • Value Estimation by Request
      4,740 SF

      507 3rd St

      CONVENIENCE STORE • 4,740 SF
      507 3rd St, Madison, NE 68748-6203
      View Details
    • Value Estimation by Request
      3,040 SF

      205 Nebraska St

      RETAIL STORES (PERSONAL SERVICES) • 3,040 SF
      205 Nebraska St, Madison, NE 68748-6457
      View Details
    • Value Estimation by Request
      1,860 SF

      104 6th St

      GROCERY, SUPERMARKET • 1,860 SF
      104 6th St, Madison, NE 68748-6284
      View Details
    • Value Estimation by Request
      1,100 SF

      208 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,100 SF
      208 Main St, Madison, NE 68748
      View Details
    • Value Estimation by Request
      1,914 SF

      310 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,914 SF
      310 Main St, Madison, NE 68748-6476
      View Details
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    118 3rd St
    Madison, NE 68748
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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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