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    Property profile & analytics

    502 Madison St Washington, IA 52353-1617

    • Gas stations
    • 1,668 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    $555,000
    Location Intelligence
    Property ID
    US25-2011841
    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

    • Premier Car Rental / Car Rental Agency
    • Car Doctor, L.L.C. / Used Car Dealer / Auto Repair Shop

    Property Details for 502 Madison St

    Year built
    1967
    Lot size
    0.40 lot acres
    Property size
    1,668 SF
    Property type
    Gas stations
    APN
    11-17-351-010
    APU
    1117351010

    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
    -91.6971
    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
    $7,554
    $87,100
    $173,400
    $260,500
    -
    $87,100
    $173,400
    $260,500

    Comparable in this City

    • Value Estimation by Request
      1,539 SF

      119 Ave B B

      SERVICE STATION (FULL SERVICE) • 1,539 SF
      119 Ave B B, Washington, IA 52353-1704
      View Details
    • Value Estimation
      $200,000
      1,062 SF

      1062 Madison St

      SERVICE STATION (FULL SERVICE) • 1,062 SF
      1062 Madison St, Washington, IA 52353-1624
      View Details
    • Value Estimation
      $235,000
      2,490 SF

      1404 Washington St

      CAR WASH - AUTOMATED • 2,490 SF
      1404 Washington St, Washington, IA 52353-2156
      View Details
    • Value Estimation
      $205,000
      2,054 SF

      1052 Monroe St

      CAR WASH - SELF-SERVE • 2,054 SF
      1052 Monroe St, Washington, IA 52353-1603
      View Details
    • Value Estimation
      $545,000
      2,500 SF

      1738 Washington St

      VEHICLE SALES, RENTALS • 2,500 SF
      1738 Washington St, Washington, IA 52353-2170
      View Details
    • Value Estimation by Request
      7,300 SF

      201 Airport Rd

      VEHICLE SALES, RENTALS • 7,300 SF
      201 Airport Rd, Washington, IA 52353-4709
      View Details

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      Unimproved land in new subdivision with city utilities.
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    502 Madison St
    Washington, IA 52353-1617
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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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