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    Property profile & analytics

    304 Madison St Washington, IA 52353-1719

    • Grocery and convenience stores
    • 1,744 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    $225,000
    Location Intelligence
    Property ID
    US25-2230197
    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

    • Washington Liquor &Tobacco Outlet / Convenience Store
    • Conoco / Gas Station / Atm
    • Cigarette Outlet / Tobacco Shop

    Property Details for 304 Madison St

    Year built
    1956
    Lot size
    0.30 lot acres
    Property size
    1,744 SF
    Property type
    Grocery and convenience stores
    APN
    11-17-353-007
    APU
    1117353007

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Washington
    State
    Iowa
    Longitude
    -91.6947
    Latitude
    41.2968
    CBSA code
    26980
    CBSA name
    IOWA CITY, IA 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
    2023
    $5,794
    $65,300
    $151,500
    $216,800
    -
    $65,300
    $151,500
    $216,800

    Comparable in this City

    • Value Estimation by Request
      4,484 SF

      1730 Washington St

      CONVENIENCE STORE • 4,484 SF
      1730 Washington St, Washington, IA 52353-2170
      View Details
    • Value Estimation
      $865,000
      21,120 SF

      301 Marion Ave

      GROCERY, SUPERMARKET • 21,120 SF
      301 Marion Ave, Washington, IA 52353-1920
      View Details
    • Value Estimation
      $250,000
      2,996 SF

      1061 Madison St

      CONVENIENCE STORE • 2,996 SF
      1061 Madison St, Washington, IA 52353-1623
      View Details
    • Value Estimation
      $225,000
      1,750 SF

      1504 Washington St

      CONVENIENCE STORE • 1,750 SF
      1504 Washington St, Washington, IA 52353-2102
      View Details
    • Value Estimation by Request
      33,220 SF

      528 Hwy 1st S

      GROCERY, SUPERMARKET • 33,220 SF
      528 Hwy 1st S, Washington, IA 52353-9709
      View Details
    • Value Estimation
      $710,000
      2,952 SF

      1000 Madison St

      CONVENIENCE STORE • 2,952 SF
      1000 Madison St, Washington, IA 52353
      View Details

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    304 Madison St
    Washington, IA 52353-1719
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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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