Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    831 Washington Ave Madison, WI 53703-2935
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    831 Washington Ave Madison, WI 53703-2935

    View on Map
    • Commercial land
    • 9,555 SF
    • 0.49 lot acres
    Off-Market
    Property ID
    US92-0553561
    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.
    Value Estimations
    $3,375,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Rainbow Project, Inc. / Charitable Organization / Social Service Agency
    • Rhumba 4 Rainbow / Charitable Organization / Advocacy Group
    • Sondel Emilie B / Counselor
    • Sharyl J. Kato, MS / Counselor

    Property Details for 831 Washington Ave

    Year built
    1927
    Lot size
    0.49 lot acres
    Property size
    9,555 SF
    Zone code
    TE WP-24
    Property type
    Commercial land
    APN
    0709-134-1002-6
    APU
    70913410026

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,800,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3733
    Latitude
    43.0815
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $820,000
      0.39 Acres

      802 Gorham St

      VACANT COMMERCIAL LAND • 2,322 SF
      802 Gorham St, Madison, WI 53703-1524
      View Details
    • Value Estimation by Request
      1.95 Acres

      630 Washington Ave

      VACANT COMMERCIAL LAND • 1.95 Acres
      630 Washington Ave, Madison, WI 53703-2917
      View Details
    • Value Estimation
      $10,550,000
      1.40 Acres

      1043 Wilson St

      VACANT COMMERCIAL LAND • 29,861 SF
      1043 Wilson St, Madison, WI 53703-3527
      View Details
    • Value Estimation
      $6,040,000
      4.05 Acres

      717 Main St

      VACANT COMMERCIAL LAND • 17,090 SF
      717 Main St, Madison, WI 53703-2925
      View Details
    • Value Estimation by Request
      2.65 Acres

      545 Dayton St

      VACANT COMMERCIAL LAND • 2.65 Acres
      545 Dayton St, Madison, WI 53703-1967
      View Details
    • Value Estimation by Request
      0.06 Acres

      32 Bassett St

      VACANT COMMERCIAL LAND • 0.06 Acres
      32 Bassett St, Madison, WI 53703-2606
      View Details

    Similar Nearby for Sale

    • $10,500,000
      1.53 Acres

      Prime Redevelopment Opportunity in Madison

      1.534 acre lot approved for apartments and hotel.
      522 E Wilson St, Madison, WI 53703
      View Details
    • Contact for pricing

      Campus Area Two-Flat Investment Property

      Two-flat investment property near campus, currently rented as single house.
      508-510 W Mifflin St, Madison, WI 53703
      View Details
    • $700,000
      0.10 Acres

      Madison Apartment Building For Sale

      Excellent rental property with strong financial and lease history.
      736 E Johnson St, Madison, WI 53703
      View Details
    • Contact for pricing

      Madison Isthmus Portfolio Opportunity

      Rare 7-unit portfolio in Madison's core Isthmus.
      820-828 E Dayton St, Madison, WI 53703
      View Details
    • Contact for pricing
      5,400 SF

      212 W Gorham St, Madison, WI 53703

      Mixed-use properties • 5,400 SF
      212 W Gorham St, Madison, WI 53703
      View Details
    • Contact for pricing
      3,564 SF

      Mixed-Use Property with Restaurant

      Mixed-use property with residential units and established restaurant for sale.
      1054 Williamson St, Madison, WI 53703
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Suite Near Capitol Square

      Second-floor office suite near restaurants and lake path.
      306 E Wilson St, Madison, WI 53703
      View Details
    • Contact for pricing

      Retail/Office Space Near Capitol Square

      3,451 SF space near Capitol Square with high ceilings.
      216 S Pinckney St, Madison, WI 53703
      View Details
    • Contact for pricing

      Executive Office Suites on Capitol Square

      Executive office suites for rent with utilities and Wi-Fi included.
      30 W Mifflin St, Madison, WI 53703
      View Details
    • Contact for pricing

      Downtown Office Space For Rent

      Remodeled office building near Capitol Square with flexible suite options.
      121 S Pinckney St, Madison, WI 53703
      View Details
    • Contact for pricing

      Capitol Square Mixed-Use Building

      Three-story mixed-use building with restaurant and office space.
      12 W Mifflin St, Madison, WI 53703
      View Details
    • Contact for pricing

      Bar/Restaurant Space Near State Capital

      Bar/Restaurant space in high-traffic area near the State Capital.
      7 W Main St, Madison, WI 53703
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    831 Washington Ave
    Madison, WI 53703-2935
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!