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    6040 Buckhorn Ave Cudahy, WI 53110

    • Retirement homes
    • 218,885 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retirement homes

    Property Details for 6040 Buckhorn Ave

    Lot size
    5.00 lot acres
    Property size
    218,885 SF
    Property type
    Retirement homes
    Property subtype
    Land

    Description

    This exceptional 5-acre development opportunity in Cudahy, WI, presents a unique chance to build a multifamily or senior living community. Located minutes from Downtown Milwaukee and General Mitchell International Airport, this prime location offers easy access to Lake Michigan's walking/biking paths, restaurants, shopping, and a hospital. The property boasts significant pre-existing site improvements, including poured concrete foundations, pre-stressed concrete, and elevator shafts, ready for 2-3 story construction. Existing foundations and concrete topping will require replacement of the cap with clean soil, subject to Wisconsin Department of Natural Resources (WDNR) approval. The WDNR case is closed, with documented continued obligations for the buyer. Conceptual plans are available for two 39-unit garden-style buildings, each featuring a mix of one- and two-bedroom units (ranging from 870 to 1310 square feet) with underground parking. The property includes two parcels, totaling 218,885 square feet, zoned RM-2. A new certified survey map separates this site from the adjacent Cudahy Connection Condominium Association, offering flexibility for development. This is an exceptional opportunity for developers seeking a prime location with significant pre-existing infrastructure. The asking price is $500,000. APN: 6829968005.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cudahy
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.8642
    Latitude
    42.9345

    Comparable in this City

    • Value Estimation
      $825,000
      19,179 SF

      5555 Kirkwood Ave

      HOMES (RETIRED, NURSING) • 19,179 SF
      5555 Kirkwood Ave, Cudahy, WI 53110-2368
      View Details
    • Value Estimation by Request
      7,525 SF

      5051 Lk Dr

      HOMES (RETIRED, NURSING) • 7,525 SF
      5051 Lk Dr, Cudahy, WI 53110-2047
      View Details
    • Value Estimation
      $665,000
      11,150 SF

      6180 Creekside Dr

      HOMES (RETIRED, NURSING) • 11,150 SF
      6180 Creekside Dr, Cudahy, WI 53110-3440
      View Details
    • Value Estimation by Request
      2,726 SF

      6168 Swift Ave

      HOMES (RETIRED, NURSING) • 2,726 SF
      6168 Swift Ave, Cudahy, WI 53110-3206
      View Details
    • Value Estimation
      $570,000
      16,057 SF

      3210 Ramsey Ave

      HOMES (RETIRED, NURSING) • 16,057 SF
      3210 Ramsey Ave, Cudahy, WI 53110-3083
      View Details
    • Value Estimation by Request
      11,445 SF

      4590 Nicholson Ave

      HOMES (RETIRED, NURSING) • 11,445 SF
      4590 Nicholson Ave, Cudahy, WI 53110-1304
      View Details

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    Similar Nearby for Lease

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    Cudahy, WI 53110
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    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
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