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    5656 Packard Ave Cudahy, WI 53110-2657

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    5656 Packard Ave Cudahy, WI 53110-2657

    View on Map
    • Strip malls
    • 117,866 SF
    • 10.57 lot acres
    Off-Market
    Last Sale May 15, 2023
    $3,500,000
    Property ID
    US92-1026971
    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
    $3,840,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 5656 Packard Ave

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.57 lot acres
    Property size
    117,866 SF
    Zone code
    B-2PUD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    678-0096-014
    APU
    6780096014

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,460,000
      ML approach
      $4,545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,211,000
      Market price range: $4.21M - $17.8M
      AI Estimate
      $2,827,000
      Market price range: $2.83M - $8.02M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cudahy
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.8586
    Latitude
    42.9415
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, 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
    $59,926
    $1,951,100
    $1,048,900
    $3,000,000
    -
    $0.00
    $0.00
    $3,090,600

    Comparable in this City

    • Value Estimation by Request
      5,574 SF

      2912 Grange Ave, Unit 18

      SHOPPING CENTER, STRIP CENTER • 5,574 SF
      2912 Grange Ave, Cudahy, WI 53110-2135
      View Details
    • Value Estimation
      $550,000
      5,938 SF

      3600 College Ave, Unit 6

      SHOPPING CENTER, STRIP CENTER • 5,938 SF
      3600 College Ave, Cudahy, WI 53110-3010
      View Details
    • Value Estimation
      $4,125,000
      117,998 SF

      6077 Packard Ave, Unit 77

      WHOLESALE OUTLET, DISCOUNT STORE • 117,998 SF
      6077 Packard Ave, Cudahy, WI 53110-3027
      View Details
    • Value Estimation by Request

      4713 Packard Ave

      Retail properties & Spaces
      4713 Packard Ave, Cudahy, WI 53110
      View Details
    • Value Estimation by Request
      3,200 SF

      5139 Whitnall Ave, Unit 41-47-51

      AUTO REPAIR, GARAGE • 3,200 SF
      5139 Whitnall Ave, Cudahy, WI 53110-1939
      View Details
    • Value Estimation by Request
      2,660 SF

      3475 Layton Ave

      RESTAURANT • 2,660 SF
      3475 Layton Ave, Cudahy, WI 53110-1406
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,200 SF

      5912 S Packard Ave, Cudahy, WI 53110

      Retail space • 1,200 SF
      5912 S Packard Ave, Cudahy, WI 53110
      View Details
    • Contact for pricing

      Four-Bay Shop on Large Lot

      Four-bay shop on 11.67± acres available for sale.
      2024 E Birchwood Ave, Cudahy, WI 53110
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    • Contact for pricing
      11,750 SF

      Boutique Hotel & Restaurant Property

      Charming 12-room hotel with restaurant and development potential.
      5133 S Lake Dr, Cudahy, WI 53110
      View Details
    • Contact for pricing
      23,236 SF

      Cudahy Office Building For Sale

      Two-story office building with ample parking and prominent signage.
      4702 S Packard Ave, Cudahy, WI 53110
      View Details
    • $169,900
      0.08 Acres

      Cudahy Duplex For Sale

      Two-unit duplex in Cudahy, Wisconsin, ideal for investors or owner-occupants.
      5210 S Packard Ave, Cudahy, WI 53110
      View Details
    • $566,720

      Land Near Mitchell Airport

      Land located near Mitchell International Airport and I-794.
      5665 S Pennsylvania Ave, Cudahy, WI 53110
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for rent with build-to-suit options.
      6001 S Packard Ave, Cudahy, WI 53110
      View Details
    • Contact for pricing
      1,595 SF

      Retail Space with Ample Parking

      Retail spaces available for lease with build-to-suit options.
      6001 S Packard Ave, Cudahy, WI 53110
      View Details
    • Contact for pricing

      Retail Space in Cudahy Heart

      Retail space available in high-image apartment development.
      4713 S Packard Ave, Cudahy, WI 53110
      View Details
    • $1,500 /Mo
      1,675 SF

      Renovated Retail Space with Storage

      Newly renovated retail space with storage available July 1st 2026.
      4726 S Packard Ave, Cudahy, WI 53110
      View Details
    • Contact for pricing
      18,506 SF

      Cudahy Industrial Space Available

      Industrial property available for lease in Cudahy, Wisconsin.
      5235 International Dr, Cudahy, WI 53110
      View Details
    • Contact for pricing
      41,100 SF

      Cudahy Warehouse Near Airport

      61,400 SF warehouse space near Mitchell International Airport.
      5404 S Pennsylvania Ave, Cudahy, WI 53110
      View Details
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    Cudahy, WI 53110-2657
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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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