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Property profile & analytics
FOR SALE
Turn key restaurants
5015 Kietzke Ln Reno, NV 89509
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US62-0322302
For Sale
1 / 8
Contact for pricing
5015 Kietzke Ln, Reno, NV 89509
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Construction
WOOD
Total area
7,303 SF
Lot
1.29 ac (56,410 SF)
Zoning code
PD
APN
040-951-07
UPID
US62-0322302
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 Lobster Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
684 Myrtle Avenue Realty LLC · 10 yrs held
684 Myrtle Avenue Realty LLC
since 2016
3 recorded transactions
Zoning & alternative use
PD · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$23,780
Tax year 2023
Assessed value
$684,768
Assessed 2023
Previous assessed
$599,384
+14.2% YoY
Effective rate
3.47%
On assessed value
Assessed land
$284,332
Assessed improvement
$400,436
Land market value
$812,376
Improvement market value
$1,144,102
Total market value
$1,956,478
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2007
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
7,303 SF
Lot
1.29 ac (56,410 SF)
Zoning code
PD
APN
040-951-07
UPID
US62-0322302
Jurisdiction
WASHOE
Zoning & alternative use
PD · Reno, NVZoning PD · permitted uses
PD · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
684 Myrtle Avenue Realty LLC
Entity
Mailing address
360 KINGSLAND AVE, BROOKLYN, NY 11222-1905
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2016
$5,218,000
684 Myrtle Avenue Realty LLC
Ggc Real Estate Investments I
Grant Deed
$3,391,700 · First Internet Bk/in
Nov 2, 2015
$3,945,500
Ggc Real Estate Investments I L P
Arcp Rl Portfolio III LLC
Bargain And Sale Deed
$133,000,000 · Wells Fargo Bank NA
Aug 4, 2014
$3,704,000
Arcp Rl Portfolio III LLC
Gmri INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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