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Property profile & analytics
OFF-MARKET
Estimated value
$3,250,000
Turn key restaurants
4712 Galleria Pkwy Sparks, NV 89436-9603
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0082535
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Construction
WOOD
Total area
6,347 SF
Lot
1.28 ac (55,713 SF)
Zoning code
NUD
APN
510-482-03
UPID
US62-0082535
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
-
Red Robin Gourmet Burgers and Brews Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.28M
Blend (final)
Blend
$3.25M
Owner & transaction history
John F Pelochino · 5 yrs held
John F Pelochino
since 2021
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
NUD · Sparks, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.8M
+34.5%
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 Sparks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sparks 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
$3,390,000
ML approach
$3,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,580,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,820,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$3.25M
Range $2.93M – $3.58M · ±10% · vs last sale $3.13M (May 28 2021)
Last sale anchor
$3.13M
May 28 2021
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
$512 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$20,870
Tax year 2023
Assessed value
$633,546
Assessed 2023
Previous assessed
$527,459
+20.1% YoY
Effective rate
3.29%
On assessed value
Assessed land
$234,053
Assessed improvement
$399,493
Land market value
$668,724
Improvement market value
$1,141,408
Total market value
$1,810,132
Applied tax rate
2,000.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,347 SF
Lot
1.28 ac (55,713 SF)
Zoning code
NUD
APN
510-482-03
UPID
US62-0082535
Jurisdiction
WASHOE
Zoning & alternative use
NUD · Sparks, NV
Zoning NUD · permitted uses
NUD · Sparks, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sparks. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
John F Pelochino
Individual
Mailing address
454 33RD AVE, SAN FRANCISCO, CA 94121-1606
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$3,125,000
John F Pelochino
5b Red Robin Sparks LLC
Deed
$1,180,000 · Re Exchange Services INC
Oct 23, 2015
$2,332,000
Kateli LLC
Sparks Retail Associates LLC
Grant Deed
—
Nov 27, 2013
$26,200,000
Sparks Retail Associates LLC
Sparks Galleria Center LLC
Bargain And Sale Deed
—
Jun 28, 2013
—
Sparks Galleria Center LLC
Sparks Galleria Investors LLC
Quit Claim Deed
—
Jun 28, 2013
$6,527,000
Sparks Galleria Center LLC
Sparks Galleria Center LLC
Grant Deed
related
$10,000,000 · Wells Fargo Bank
Oct 4, 2010
—
Sparks Galleria Investors LLC
—
Deed Of Trust
related
$52,500,000 · No Lender On Document
Dec 13, 2007
—
5b Red Robin Sparks LLC
—
Deed Of Trust
related
$1,630,000 · Bank Of The West
May 9, 2007
—
Sparks Galleria Investors LLC
Sparks Galleria Investors LLC
Quit Claim Deed
related
—
—
—
5b Red Robin Sparks LLC
—
Deed Of Trust
related
$300,000 · First Franchise Capital Corp
—
—
5b Red Robin Sparks LLC
—
Deed Of Trust
related
$22,600,000 · Wells Fargo Bk
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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