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    Property profile & analytics

    3029 University Ave Madison, WI 53705-3515

    • Retail space
    • 480 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    $405,000
    Location Intelligence
    Property ID
    US92-0319212
    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

    • The Century House / Children'S Furniture Store / Home Goods Store
    • The Century House- Gifts / Home Goods Store / Gift Shop

    Property Details for 3029 University Ave

    Year built
    1846
    Lot size
    0.40 lot acres
    Property size
    480 SF
    Zone code
    CC-T
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    0709-212-0303-3
    APU
    70921203033

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $405,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $430,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $360,000
      Mixed-Use
      $435,000
      Hospitality
      $470,000
      Educational
      $380,000
      Residential Income
      $470,000
      Energy
      $450,000
      Income-Based Land
      $450,000
      Food Service
      $475,000

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.4426
    Latitude
    43.0749
    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
    $11,626
    $286,000
    $424,000
    $710,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $660,000
      1,209 SF

      3738 Speedway Rd

      STORE, RETAIL OUTLET • 1,209 SF
      3738 Speedway Rd, Madison, WI 53705-3764
      View Details
    • Value Estimation by Request
      3,359 SF

      3033 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,359 SF
      3033 University Ave, Madison, WI 53705-3515
      View Details
    • Value Estimation
      $2,795,000
      2,276 SF

      5602 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,276 SF
      5602 University Ave, Madison, WI 53705-1047
      View Details
    • Value Estimation by Request
      12,921 SF

      6701 Mineral Pt Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,921 SF
      6701 Mineral Pt Rd, Madison, WI 53705-4241
      View Details
    • Value Estimation
      $295,000
      1,350 SF

      3809 Mineral Pt Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,350 SF
      3809 Mineral Pt Rd, Madison, WI 53705-5121
      View Details
    • Value Estimation
      $415,000
      2,423 SF

      5441 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,423 SF
      5441 University Ave, Madison, WI 53705-1232
      View Details

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    Similar Nearby for Lease

    • $30 SF/Yr
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      800 SF retail space with drive-thru potential in Madison.
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    • $30 SF/Yr
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    • $30 SF/Yr
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    • Contact for pricing
      150,000 SF

      Madison Yards Office Suites

      Prime Madison Office Space Available
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    • $22 SF/Yr
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    • $37 SF/Yr
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      Mechanic Shop on Madison's West

      Neighborhood mechanic shop for lease on Madison’s west side.
      3802 Mineral Point Rd, Madison, WI 53705
      View Details
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    3029 University Ave
    Madison, WI 53705-3515
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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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