Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6084 Packard Ave Cudahy, WI 53110-3028

    • Auto shops
    • 3,872 SF
    • 0.50 lot acres
    OFF-MARKET
    Last Sale
    Dec 28, 2024
    $725,000
    Value Estimations
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-3326204
    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

    • Monro Auto Service And Tire Centers / Oil Change Service / Wheel Alignment Service

    Property Details for 6084 Packard Ave

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.50 lot acres
    Property size
    3,872 SF
    Zone code
    B-2PUD
    Property type
    Auto shops
    APN
    682-9906-000
    APU
    6829906000

    Description

    This fee-simple, single-tenant auto shop in Cudahy, WI, presents a compelling investment opportunity. The 3,520 square foot building, constructed in 1985 on a 0.5-acre lot, is 100% occupied by a corporately guaranteed tenant under a triple-net (NNN) lease with annual rent bumps. The current lease, commencing October 7, 2022, and expiring October 6, 2027, offers a remaining term of approximately 2.9 years, with lease options available. The property boasts a strong net operating income (NOI) of $61,814, resulting in an 8.00% cap rate and a price per square foot of $219.60. The asking price is $773,000. The property includes 10 parking spaces and benefits from a highly visible location on Packard Avenue, near major retailers and Milwaukee Mitchell International Airport. The tenant has operated at this location for over 22 years, demonstrating operational stability within a densely populated area with over 53,400 residents within a three-mile radius and an average household income exceeding $75,000. The building features six service bays and a waiting area. The lease includes annual rent increases of 1.50 percent during the base term and option periods. The property's location offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, high-performing auto service center in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $757,000
      Market price range: $238k - $757k
      AI Estimate
      $768,000
      Market price range: $378k - $768k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $475,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cudahy
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.8604
    Latitude
    42.9339
    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
    $16,745
    $211,700
    $628,900
    $840,600
    -
    $0.00
    $0.00
    $866,000

    Comparable in this City

    • Value Estimation
      $810,000
      6,725 SF

      5780 Packard Ave

      AUTO REPAIR, GARAGE • 6,725 SF
      5780 Packard Ave, Cudahy, WI 53110-2638
      View Details
    • Value Estimation
      $660,000
      6,216 SF

      5302 Packard Ave, Unit 14

      AUTO REPAIR, GARAGE • 6,216 SF
      5302 Packard Ave, Cudahy, WI 53110-2234
      View Details
    • Value Estimation by Request
      1,238 SF

      5912 Packard Ave

      AUTO REPAIR, GARAGE • 1,238 SF
      5912 Packard Ave, Cudahy, WI 53110-3026
      View Details
    • Value Estimation
      $600,000
      3,040 SF

      4740 Pennsylvania Ave

      AUTO REPAIR, GARAGE • 3,040 SF
      4740 Pennsylvania Ave, Cudahy, WI 53110-1343
      View Details
    • Value Estimation
      $4,650,000
      51,902 SF

      2727 Layton Ave

      AUTO REPAIR, GARAGE • 51,902 SF
      2727 Layton Ave, Cudahy, WI 53110-1301
      View Details
    • Value Estimation by Request
      1,932 SF

      3210 Layton Ave

      AUTO REPAIR, GARAGE • 1,932 SF
      3210 Layton Ave, Cudahy, WI 53110-1403
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,200 SF

      Cudahy Gas Station - Great Location

      High-Visibility Retail Space, 1200 SF
      5912 Packard Ave, Cudahy, WI 53110
      View Details
    • $1,795,000
      11,750 SF

      Lake Drive Restaurant & Hotel

      Cudahy Restaurant, Hotel, Parking
      5133 Lake Dr, Cudahy, WI 53110
      View Details
    • Contact for pricing
      1 SF

      Retail Property with High Visibility

      Retail property with great visibility and multiple access points.
      5912 S Packard Ave, Cudahy, WI 53110
      View Details
    • $950,000
      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
    • $500,000

      Land Development Opportunity in Cudahy

      Land with site improvements for multi-family or senior living.
      6040-6060 S Buckhorn Ave, Cudahy, WI 53110
      View Details
    • $252,000
      0.10 Acres

      Updated Duplex in Prime Location

      Updated 2/2 duplex near schools, parks, and the lake.
      3658 E Holmes Ave, Cudahy, WI 53110
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      4,785 SF

      Cudahy Retail Center - For Lease

      Prime retail space, 4,785 sq ft, multiple suites available.
      6001 Packard Ave, Cudahy, WI 53110
      View Details
    • $215,000
      3,392 SF

      Turnkey Restaurant Business Opportunity

      Turnkey restaurant business with equipment for sale or lease.
      3534 E Layton Ave, Cudahy, WI 53110
      View Details
    • $15 SF/Yr
      4,100 SF

      Cudahy Retail Space: The Scoot

      Prime Cudahy retail, flexible space available.
      4713 Packard Ave, Cudahy, WI 53110
      View Details
    • $18 SF/Yr
      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
    • $7 SF/Yr
      7,250 SF

      Mitchell Industrial Park: Office & Warehouse Space

      Prime Milwaukee location, flexible spaces available.
      1930 College Ave, Cudahy, WI 53110
      View Details
    • $15 SF/Yr
      2,288 SF

      Cudahy Office Space For Rent

      Highly visible office space with ample parking and easy access.
      4677 S Packard Ave, Cudahy, WI 53110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6084 Packard Ave
    Cudahy, WI 53110-3028
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.