Financial
Distress signals
Property profile

2528 E Washington Ave Madison, WI 53704

FOR SALE
Other investment properties
Property ID
US92-1127835
1,994 SF 0.2 ac lot Built 1922
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This retail/office building includes a fully built-out first floor of approximately 10,389 square feet featuring dedicated retail and office areas, two restrooms, and a full parking lot. The first-floor layout is designed to allow division into two separate units. A separate entrance provides access to a second floor that is configured for additional build-out, with space that can support one or two units; a common area is plumbed for two restrooms. Building improvements include a replaced roof and newer mechanical systems.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$14k
Tax billed · 2022
Assessed value · 2023$774k
Assessed land$87k
Assessed improvement$687k
Effective rate1.79%

Value estimate

· Sep 2026
$395k
$356k – $435k
AI approach$395k
CAP approach$425k
Submarket $/SF estimate$558k
NOI build-up
Gross scheduled income$224k
Vacancy & credit loss−$12k
Operating expenses−$64k
NOI · 18.69% cap applied$149k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$285/SF
ZIP average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$112 – $412
Qualifying comparables7

Cap rate analysis

How does the asset earn?
18.69%
$149k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TSS
The TSS District is established to encourage and sustain the viability of Madisons mixed use corridors which sustain many of the Citys tr...
General categoryMIXED_USE
JurisdictionDANE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm15.1
Parking Facility12.4
Convenience Store10.7

Location

2528 E Washington Ave Madison, WI 53704
County assessor Recorded deeds · not on file 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3127 Washington, Madison, WI 53704-4380 $550,000 Sep 2024 2,240 SF
2337 Atwood, Madison, WI 53704-5602 $4,045,600 Feb 2024 1,840 SF
2039 Winnebago, Madison, WI 53704-5379 $1,325,000 Jan 2024 2,160 SF
3510 Washington, Madison, WI 53704-4115 $385,000 Dec 2023 2,250 SF
2439 Atwood, Madison, WI 53704-5604 $1,550,000 Jun 2023 2,100 SF
2016 Winnebago, Madison, WI 53704-5317 $1,330,000 Jan 2023 2,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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