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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Retail space
6241 Packard Ave Cudahy, WI 53110-3031
Entity Owned
9-yr Hold
Free & Clear
Property ID
US92-3495999
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,550 SF
Lot
1.35 ac (58,937 SF)
Zoning code
B-2PUD
APN
682-9947-002
UPID
US92-3495999
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
Wayne Hustad, RPH Pharmacy
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Kelly Schaeffer, Pharm Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$2.50M
Owner & transaction history
Jl Cudahy LLC · 9 yrs held
Jl Cudahy LLC
since 2017
4 recorded transactions
Zoning & alternative use
B-2PUD · Cudahy, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Apartment house (5+ units)
$2.6M
+58.1%
Restaurant
$2.0M
+18.6%
Auto repair, garage
$1.9M
+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%
$2,625,000
6.5%
$2,420,000
7%
$2,250,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,665,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,635,000
Change: +58% · Conversion: Difficult
RESTAURANT
$1,975,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,900,000
Change: +14% · Conversion: Difficult
MEDICAL BUILDING
$1,610,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±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
$161 / 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
$48,016
Tax year 2022
Assessed value
$2,404,400
Assessed 2022
Previous assessed
$2,404,400
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$758,200
Assessed improvement
$1,646,200
Total market value
$2,477,000
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
15,550 SF
Lot
1.35 ac (58,937 SF)
Zoning code
B-2PUD
APN
682-9947-002
UPID
US92-3495999
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.6M
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Jl Cudahy LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2017
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
Dec 11, 2017
—
Jl Cudahy LLC
—
Deed
related
$3,800,000 · Bank Of America
Jan 17, 2017
$4,850,000
Jl Cudahy LLC
Labelle Cudahy LLC
Grant Deed
—
Feb 1, 2006
$4,800,000
Labelle Cudahy LLC
Mred Associates
Special Warranty Deed
$3,320,000 · M & I Marshall & Ilsley Bank
—
—
Jl Cudahy LLC
—
Deed Of Trust
related
$3,800,000 · Bank Of America
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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