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    Property profile & analytics

    3902 Washington Ave Madison, WI 53704-3650

    • Strip malls
    • 22,475 SF
    • 1.47 lot acres
    OFF-MARKET
    Value Estimation
    $4,875,000
    Last Sale
    Mar 17, 2025
    $4,250,000
    Location Intelligence
    Property ID
    US92-0585443
    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

    • AT&T Store / Cell Phone Store / Cell Phone Accessory Store

    Property Details for 3902 Washington Ave

    Year built
    1978
    Lot size
    1.47 lot acres
    Property size
    22,475 SF
    Zone code
    CC-T WP-15
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    0810-283-0088-8
    APU
    81028300888

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,585,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,035,000
      6.5%
      $4,440,000
      7%
      $3,920,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,845,000
      Geo Method
      $4,415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,925,000
      Retail
      $3,660,000
      Mixed-Use
      $4,510,000
      Hospitality
      $3,960,000
      Educational
      $3,770,000
      Residential Income
      $4,335,000
      Energy
      $4,790,000
      Income-Based Land
      $3,660,000
      Food Service
      $3,820,000

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3185
    Latitude
    43.1216
    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
    $68,774
    $600,000
    $2,875,000
    $3,475,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      66,926 SF

      2302 Spgs Dr

      SHOPPING CENTER, STRIP CENTER • 66,926 SF
      2302 Spgs Dr, Madison, WI 53704-7426
      View Details
    • Value Estimation by Request
      27,660 SF

      1753 Thierer Rd

      SHOPPING CENTER, STRIP CENTER • 27,660 SF
      1753 Thierer Rd, Madison, WI 53704-3721
      View Details
    • Value Estimation by Request
      29,852 SF

      4303 Towne Way

      SHOPPING CENTER, STRIP CENTER • 29,852 SF
      4303 Towne Way, Madison, WI 53704-3707
      View Details
    • Value Estimation
      $515,000
      2,290 SF

      1113 Sherman Ave

      SHOPPING CENTER, STRIP CENTER • 2,290 SF
      1113 Sherman Ave, Madison, WI 53704-4292
      View Details
    • Value Estimation by Request
      10,343 SF

      1726 Thierer Rd

      SHOPPING CENTER, STRIP CENTER • 10,343 SF
      1726 Thierer Rd, Madison, WI 53704-3718
      View Details
    • Value Estimation by Request
      1,120 SF

      2929 Washington Ave

      SHOPPING CENTER, STRIP CENTER • 1,120 SF
      2929 Washington Ave, Madison, WI 53704-5142
      View Details

    Similar Nearby for Sale

    • $5,895,000
      55,996 SF

      East Pointe Plaza Retail Center

      55,996 SF Class A shopping center for sale.
      1601-1739 Thierer Rd, Madison, WI 53704
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    • $5,895,000
      55,996 SF

      East Pointe Plaza Retail Center

      55,996 SF Class A shopping center for sale.
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    • $2,447,000
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      Fully Leased Retail Investment Property

      Fully leased retail property with long-term tenants and high visibility.
      4704 East Washington Ave, Madison, WI 53704
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    • Contact for pricing
      138,755 SF

      East Towne Mall Redevelopment Opportunity

      Former Boston Store site in Madison, Wisconsin, for sale.
      53 E Towne Way, Madison, WI 53704
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    • $2,700,000
      40,000 SF

      East Towne Mall Area Site

      3.3 acre site near East Towne Mall entrance.
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    • Contact for pricing
      216 SF

      Retail Center with Anchor Tenants

      Retail property with multiple access points and ample parking.
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    Similar Nearby for Lease

    • $12 SF/Yr
      1,998 SF

      Northgate Shopping Center Retail Space

      Retail spaces in established Madison shopping center with high visibility.
      1117-1213 N Sherman Ave, Madison, WI 53704
      View Details
    • $15 SF/Yr
      1,573 SF

      Retail Space in East Towne

      Located in the East Towne Mall shopping corridor.
      4261 Lien Rd, Madison, WI 53704
      View Details
    • $18 SF/Yr
      65,819 SF

      Madison Executive Office Suites

      Prime Madison location, flexible spaces available.
      1765 Thierer Rd, Madison, WI 53704
      View Details
    • Contact for pricing
      787,809 SF

      Madison Retail Space Available

      Prime Madison location, 1,673 sq ft.
      89 Towne Mall, Madison, WI 53704
      View Details
    • $13 SF/Yr
      3,000 SF

      East Pointe Plaza Retail Space

      Retail space available in East Pointe Plaza shopping center.
      1701-1735 Thierer Rd, Madison, WI 53704
      View Details
    • $20 SF/Yr
      1,800 SF

      Retail Space in High-Traffic Area

      Highly visible retail space near UW Medical Clinic and Downtown.
      2801-2835 E Washington Ave, Madison, WI 53704
      View Details
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    3902 Washington Ave
    Madison, WI 53704-3650
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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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