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Property profile & analytics
OFF-MARKET
Bars & Pubs
5244 Packard Ave Cudahy, WI 53110-1946
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-0574245
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1923
Construction
WOOD
Total area
3,626 SF
Lot
0.19 ac (8,059 SF)
Zoning code
B-2
APN
635-0340-000
UPID
US92-0574245
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Castro’s Bar Bar & Pub
-
Sparkys Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Castro Mexican & Grill LLC · 4 yrs held
Castro Mexican & Grill LLC
since 2021
2 recorded transactions
Zoning & alternative use
B-2 · Cudahy, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DIVISION 11. - B-2 COMMUNITY BUSINESS DISTRICT Sec. 44-365. - Intent. The B-2 Community Business District is intended to provide for the orderly and attractive grouping at appropriate locations of businesses offering a wider range of retail products and services than are provided in neighborhood business districts, and also offering comparison shopping items…
Zone name
Community Business District
General category
COMMERCIAL
Zone area
126.42 ac
Source
code of ordinances
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cudahy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cudahy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$3,339
Tax year 2022
Assessed value
$170,200
Assessed 2022
Previous assessed
$188,900
-9.9% YoY
Effective rate
1.96%
On assessed value
Assessed land
$64,400
Assessed improvement
$105,800
Total market value
$175,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1923
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Total area
3,626 SF
Lot
0.19 ac (8,059 SF)
Zoning code
B-2
APN
635-0340-000
UPID
US92-0574245
Jurisdiction
MILWAUKEE
Zoning & alternative use
B-2 · Cudahy, WIZoning B-2 · permitted uses
B-2 · Cudahy, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DIVISION 11. - B-2 COMMUNITY BUSINESS DISTRICT Sec. 44-365. - Intent. The B-2 Community Business District is intended to provide for the orderly and attractive grouping at appropriate locations of businesses offering a wider range of retail products and services than are provided in neighborhood business districts, and also offering comparison shopping items. The character, appearance, and operation of a shopping center should be compatible with surrounding residential areas. (Code 2004, § 17.0316(intro.); Ord. No. 2258, 8-21-2007; Ord. No. 2267, 6-17-2008; Ord. No. 2356, 1-4-2011)
Zone name
Community Business District
General category
COMMERCIAL
Zone area
126.42 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1923
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Castro Mexican & Grill LLC
Entity
Mailing address
1563 S 15TH ST, MILWAUKEE, WI 53204-2763
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
—
Castro Mexican & Grill LLC
Ricardo Castro Garcia
Warranty Deed
—
Dec 10, 2021
$170,000
Ricardo Castro Garcia
David A Habanek
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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