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    Property profile & analytics

    2040 Washington Ave Madison, WI 53704-5206

    • Investment properties
    • 2,640 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $435,000
    Last Sale
    Apr 18, 2025
    $380,000
    Location Intelligence
    Property ID
    US92-0807555
    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

    • Madison Hearing Aid Center / Hearing Aid Store / Audiologist
    • The Redeemed Christian Church Of God / Pentecostal Church

    Property Details for 2040 Washington Ave

    Year built
    1930
    Lot size
    0.09 lot acres
    Property size
    2,640 SF
    Zone code
    NMX
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0710-063-0636-2
    APU
    71006306362

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $425,000
      6.5%
      $375,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $465,000
      Geo Method
      $375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $300,000
      Mixed-Use
      $380,000
      Hospitality
      $335,000
      Educational
      $335,000
      Residential Income
      $390,000
      Energy
      $360,000
      Income-Based Land
      $400,000
      Food Service
      $370,000

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3563
    Latitude
    43.0949
    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
    $6,536
    $41,000
    $293,100
    $334,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      2040 Winnebago St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      2040 Winnebago St, Madison, WI 53704-5372
      View Details
    • Value Estimation by Request
      4,312 SF

      2717 Atwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,312 SF
      2717 Atwood Ave, Madison, WI 53704-5720
      View Details
    • Value Estimation
      $1,135,000
      3,152 SF

      2201 Atwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,152 SF
      2201 Atwood Ave, Madison, WI 53704-5601
      View Details
    • Value Estimation
      $2,935,000
      25,041 SF

      1802 Pankratz St

      OFFICE/RESIDENTIAL (MIXED USE) • 25,041 SF
      1802 Pankratz St, Madison, WI 53704-4069
      View Details
    • Value Estimation
      $435,000
      2,250 SF

      3510 Washington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,250 SF
      3510 Washington Ave, Madison, WI 53704-4115
      View Details
    • Value Estimation
      $280,000
      4,400 SF

      1325 Parkside Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 4,400 SF
      1325 Parkside Dr, Madison, WI 53704-3680
      View Details

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    • Contact for pricing
      13 SF

      Retail Space Available for Sale

      3,705 SF retail space available, divisible, co-tenants include Taco Bell.
      4124 E Washington Ave, Madison, WI 53704
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    • $1,595,000

      Development Parcel on Hard Corner

      Development parcel for apartments and retail in TIF district.
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    Similar Nearby for Lease

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      Office suites available near Hwy 51, ample parking.
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    • $18 SF/Yr
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      Retail/Office Space Near East Towne

      Retail and office suites available near East Towne Mall.
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    • Contact for pricing
      352,117 SF

      Madison Industrial Giant

      352,117 SF Manufacturing/Distribution
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      View Details
    • Contact for pricing
      30,830 SF

      Lien Crossing Retail Center

      Madison Retail Space: 3 Units Available
      4303 Towne Way, Madison, WI 53704
      View Details
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    2040 Washington Ave
    Madison, WI 53704-5206
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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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