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    Property profile & analytics

    6001 Packard Ave Cudahy, WI 53110

    • Retail space
    • 6,686 SF
    • 0.75 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Last Sale
    Aug 03, 2022
    $540,000
    Value Estimations
    $580,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0130224
    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.

    Current Use by Public Records

    • Retail for lease / Department Store

    Property Details for 6001 Packard Ave

    Year built
    2012
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.75 lot acres
    Property size
    6,686 SF
    Zone code
    B-2PUD
    Property type
    Retail space
    APN
    682-9928-011
    APU
    6829928011

    Description

    This exceptional retail strip center, located at 6001 S Packard Ave in Cudahy, Wisconsin, offers a total of 4,785 square feet of leasable space. Currently, the entire center is vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual suites. The minimum divisible space is 1,595 square feet, with a maximum contiguous space of 4,785 square feet. Suites can be combined to create larger spaces of 3,190 or 4,785 square feet, offering flexibility to suit various business needs. The property sits on a 0.75-acre lot and is zoned B-2 Community Business District. Ample parking is available, ensuring convenient access for customers and employees. The property benefits from excellent visibility and easy access, situated in a strong demographic area. Join Pizza Hut in this new retail development and take advantage of this prime location to establish or expand your business. The property is ready for immediate occupancy. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $640,000
      ML approach
      $605,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $715,000
      Current use
      RESTAURANT
      $850,000
      Change: +19% Conversion: Easy
      AUTO REPAIR, GARAGE
      $815,000
      Change: +14% Conversion: Difficult
      MEDICAL BUILDING
      $690,000
      Change: -3% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $615,000
      Change: -14% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $600,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cudahy
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.8613
    Latitude
    42.9353
    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
    $19,816
    $313,500
    $680,700
    $994,200
    -
    $0.00
    $0.00
    $1,024,200

    Comparable in this City

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      View Details
    • Value Estimation by Request
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      3561 Squire Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,092 SF
      3561 Squire Ave, Cudahy, WI 53110-1426
      View Details
    • Value Estimation
      $3,505,000
      94,767 SF

      5801 Packard Ave, Unit 85

      RETAIL STORES (PERSONAL SERVICES) • 94,767 SF
      5801 Packard Ave, Cudahy, WI 53110-2615
      View Details
    • Value Estimation by Request
      3,183 SF

      3772 Pulaski Ave, Unit 72A

      RETAIL STORES (PERSONAL SERVICES) • 3,183 SF
      3772 Pulaski Ave, Cudahy, WI 53110-1927
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    • Value Estimation by Request
      2,060 SF

      3702 Barnard Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,060 SF
      3702 Barnard Ave, Cudahy, WI 53110-1522
      View Details
    • Value Estimation by Request
      2,760 SF

      4716 Packard Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,760 SF
      4716 Packard Ave, Cudahy, WI 53110-1439
      View Details

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    Similar Nearby for Lease

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      Retail Space with Ample Parking

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      Cudahy Retail Center - For Lease

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      View Details
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      Cudahy Retail Space: The Scoot

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    6001 Packard Ave
    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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