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    Property profile & analytics

    501 Parramore Ave Madison, FL 32340-1878

    • Retail space
    • 3,492 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 04, 2020
    Location Intelligence
    Property ID
    US18-3165418
    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

    • Retail space

    Property Details for 501 Parramore Ave

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.52 lot acres
    Property size
    3,492 SF
    Property type
    Retail space
    APN
    27-1N-09-4284-000-000
    APU
    271N094284000000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Florida
    Longitude
    -83.418
    Latitude
    30.4637

    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
    $699
    $5,220
    $26,506
    $31,726
    -
    $5,220
    $26,506
    $31,726

    Comparable in this City

    • Value Estimation by Request
      2,388 SF

      124 Horry Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,388 SF
      124 Horry Ave, Madison, FL 32340-2411
      View Details
    • Value Estimation by Request
      1,848 SF

      494 Range Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,848 SF
      494 Range Ave, Madison, FL 32340-2209
      View Details
    • Value Estimation by Request
      9,630 SF

      1638 State Rd 14

      RETAIL STORES (PERSONAL SERVICES) • 9,630 SF
      1638 State Rd 14, Madison, FL 32340-4401
      View Details
    • Value Estimation by Request
      735 SF

      582 Georgetown Rd

      RETAIL STORES (PERSONAL SERVICES) • 735 SF
      582 Georgetown Rd, Madison, FL 32340
      View Details
    • Value Estimation
      $220,000
      2,068 SF

      633 Duval Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,068 SF
      633 Duval Ave, Madison, FL 32340-2568
      View Details
    • Value Estimation
      $345,000
      6,480 SF

      173 Range Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,480 SF
      173 Range Ave, Madison, FL 32340-2515
      View Details

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    501 Parramore Ave
    Madison, FL 32340-1878
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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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