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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Retail space
5740 Packard Ave Cudahy, WI 53110-2659
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US92-3438861
Property summary
AI-generated overview
This exceptional portfolio comprises seven strategically located retail properties anchored by CVS and Walgreens, offering a compelling investment opportunity. The portfolio boasts a blended 10.24% net effective cap rate, achieved through a full rent credit applied to the purchase price. This translates to an immediate return on investment. The portfolio features a strong credit tenant base, with 82% of income guaranteed by CVS, a Fortune 6 company with $73 billion in revenue. The properties are priced attractively, averaging $3,293,413 per property, and $187.31 per square foot, potentially well below replacement costs. The average rent per square foot is $15.22, offering replaceable income potential. The portfolio benefits from favorable demographics, with an average household income exceeding $83,152 and a population of over 74,743 within a 5-mile radius of each location. The properties are located in Cudahy, WI
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,748 SF
Lot
1.59 ac (69,130 SF)
Zoning code
B-2PUD
APN
678-0096-012
UPID
US92-3438861
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy
-
Tashalee Townsend Book Store (Bike/Boat/Book/etc) Store
-
UPS Access Point location Courier Service Postal Service
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$2.58M
Owner & transaction history
Scp 2006-c23-110 LLC · 19 yrs held
Scp 2006-c23-110 LLC
since 2007
2 recorded transactions
Zoning & alternative use
B-2PUD · Cudahy, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.8M
+58.1%
Restaurant
$2.1M
+18.6%
Auto repair, garage
$2.0M
+13.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,825,000
6.5%
$2,610,000
7%
$2,420,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,795,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,835,000
Change: +58% · Conversion: Difficult
RESTAURANT
$2,130,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,045,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$1,735,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±10%
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
$154 / 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
$37,929
Tax year 2022
Assessed value
$1,900,000
Assessed 2022
Previous assessed
$1,900,000
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$500,200
Assessed improvement
$1,399,800
Total market value
$1,957,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
16,748 SF
Lot
1.59 ac (69,130 SF)
Zoning code
B-2PUD
APN
678-0096-012
UPID
US92-3438861
Jurisdiction
MILWAUKEE
Zoning & alternative use
B-2PUD · Cudahy, WI
Zoning 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
Cudahy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
RESTAURANT
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
Scp 2006-c23-110 LLC
Entity
Mailing address
1 CVS DR, WOONSOCKET, RI 02895-6146
Ownership since
2007
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
Feb 7, 2007
$2,618,600
Scp 2006-c23-110 LLC
Wisconsin Cvs Pharmacy LLC
Special Warranty Deed
$2,533,696 · Wells Fargo Bank Northwest NA
Jul 13, 2006
$2,600,000
Wisconsin Cvs Pharmacy LLC
American Stores Properties LLC
Quit Claim Deed
related
—
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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