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Property profile & analytics
OFF-MARKET
Estimated value
$3,840,000
Strip malls
5656 Packard Ave Cudahy, WI 53110-2657
Entity Owned
3-yr Hold
Free & Clear
Property ID
US92-1026971
Property summary
AI-generated overview
Packard Plaza, located at 5656 S Packard Ave in Cudahy, Wisconsin (zip code 53110), offers a prime retail opportunity in Milwaukee County. This multi-tenant retail property, built in 1957, boasts a total of 125,247 square feet. Currently, there are 21,400 square feet of vacant space available, divisible into units as small as 1,400 square feet and with a maximum contiguous space of 20,000 square feet. The property provides ample parking, with a ratio of 8.49 spaces per 1,000 square feet. This presents a unique chance to establish or expand a retail business in a well-established location within a thriving community. The property's convenient location and substantial available space make it an ideal choice for a variety of retail ventures. Interested parties are encouraged to inquire about lease terms and availability. The property's coordinates are 42.9416358 latitude and -87.85898316 longitude.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
117,866 SF
Lot
10.57 ac (460,342 SF)
Zoning code
B-2PUD
APN
678-0096-014
UPID
US92-1026971
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
-
Griffin Carpet Co. Carpet & Flooring Store Hardware & Home Improvement
-
Prime Financial Credit Union Credit Union
-
AutoZone Auto Parts Auto Parts Store
-
CoinFlip Bitcoin ATM Bank Loan Service
-
Eddies Liquidation center Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.21M
Blend (final)
Blend
$3.84M
Owner & transaction history
Packard Plaza Partners LLC · 3 yrs held
Packard Plaza Partners LLC
since 2023
Last sale
$3.5M
4 recorded transactions
Zoning & alternative use
B-2PUD · Cudahy, WI
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
Method
Estimation
Statistic approach
$4,460,000
ML approach
$4,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.84M
Range $3.46M – $4.22M · ±10% · vs last sale $3.50M (May 15 2023)
Last sale anchor
$3.50M
May 15 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$33 / SF
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
$59,926
Tax year 2022
Assessed value
$3,000,000
Assessed 2022
Previous assessed
$3,000,000
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,951,100
Assessed improvement
$1,048,900
Total market value
$3,090,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
117,866 SF
Lot
10.57 ac (460,342 SF)
Zoning code
B-2PUD
APN
678-0096-014
UPID
US92-1026971
Jurisdiction
MILWAUKEE
Zoning & alternative use
B-2PUD · Cudahy, WIZoning B-2PUD · permitted uses
B-2PUD · Cudahy, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
10.57 ac
Current owner
From public records · entity-resolved
Packard Plaza Partners LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1970 BEACON ST, WABAN, MA 02468-1439
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
$3,500,000
Packard Plaza Partners LLC
Group Packard LLC
Warranty Deed
—
Jan 28, 2016
$3,000,000
Group Packard LLC
Bre Non-core 3 Owner A LLC
Grant Deed
—
Nov 13, 2013
$3,750,000
Bre Non-core 3 Owner
Brixmor Ga Apollo I Sub LLC
Grant Deed
—
Aug 22, 2005
$6,533,900
Galileo Apollo I Sub LLC
Hk New Plan Exchange Property Owner
Quit Claim Deed
related
$173,000,000 · Merrill Lynch Mortgage Lending INC
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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