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Property profile & analytics
OFF-MARKET
Estimated value
$8,080,000
Grocery and convenience stores
4995 Kietzke Ln Reno, NV 89509-6548
Entity Owned
1-yr Hold
Free & Clear
Property ID
US62-0468227
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,419 SF
Lot
6.46 ac (281,398 SF)
Zoning code
MU
APN
024-055-21
UPID
US62-0468227
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
-
EVgo Charging Station Electric Vehicle Charging Station
-
Amazon Locker - Brunero Courier Service Postal Service
-
Save Mart Grocery & Convenience Store Food Market
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.06M
CAP Approach
CAP
$9.23M
Comparable Approach
Comparable
$6.83M
Blend (final)
Blend
$8.08M
Owner & transaction history
Rld Paragon LLC · 1 yrs held
Rld Paragon LLC
since 2025
Last sale
$8.2M
6 recorded transactions
Zoning & alternative use
MU · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.5M
+10.4%
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 Reno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reno 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
$6,970,000
ML approach
$9,060,000
CAP Approach
CAP Return
Estimation
6%
$10,000,000
6.5%
$9,230,000
7%
$8,570,000
Alternative Use
Use
Estimation
RETAIL STORES
$12,190,000
Current use
OFFICE BUILDING
$13,460,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$8.08M
Range $7.27M – $8.89M · ±10% · vs last sale $8.20M (Oct 17 2024)
Last sale anchor
$8.20M
Oct 17 2024
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
$170 / 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
$89,858
Tax year 2023
Assessed value
$2,512,630
Assessed 2023
Previous assessed
$2,271,729
+10.6% YoY
Effective rate
3.58%
On assessed value
Assessed land
$1,213,876
Assessed improvement
$1,298,754
Land market value
$3,468,218
Improvement market value
$3,710,727
Total market value
$7,178,945
Applied tax rate
1,000.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
47,419 SF
Lot
6.46 ac (281,398 SF)
Zoning code
MU
APN
024-055-21
UPID
US62-0468227
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NV
Zoning MU · permitted uses
MU · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reno. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$12.2M
OFFICE BUILDING
Est. value
$13.5M
RETAIL STORES Current
OFFICE 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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
6.46 ac
Current owner
From public records · entity-resolved
Rld Paragon LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1800 STANDIFORD AVE, MODESTO, CA 95350-0180
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2025
$8,200,224
Rld Paragon LLC
Save Mark Portfolio Owner Fund V Nv
Bargain & Sale Deed
—
Jan 17, 2025
—
Save Mart Supermarkets LLC
Save Mart Portfolio Owner Fund V Nv
Deed
—
Nov 20, 2020
$6,850,500
Save Mart Portfolio Owner Fund
Abs Nocal Investor LLC
Grant Deed
—
Dec 23, 2013
$576,000
Dearkland Family Trust
Redfield Court LLC
Grant Deed
—
Jul 3, 2006
$6,895,000
Abs Nocal Investor LLC
Albertsons LLC
Bargain And Sale Deed
—
Jan 10, 1992
$2,217,792
Albertson's INC
Unknown
Grant Deed
—
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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