Individually Owned 
For Sale
1 / 30
$1,750,000
19316 Goddard Ranch Ct, Morrison, CO 80465
View Listing →
Property summary
AI-generated overview
A modern office building is set on a large 2-acre lot with views and ample parking, served by a total of 50 parking spaces. The property is zoned for office, industrial, special trades contracting services, wholesale, storage, and other permitted uses, and the parcel has a maximum allowable square footage of 12,000. Building amenities include a lobby and reception area, large conference rooms, private offices, a kitchenette, and restrooms that include a shower. A secure, fenced compound area is provided for storing equipment and vehicles, and the site is located about 30 minutes from Denver with access within a short drive of Red Rocks Amphitheater.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Construction
STEEL FRAME
Total area
7,917 SF
Lot
2 ac (87,120 SF)
APN
50-273-01-005
UPID
US13-2588603
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$440k
Owner & transaction history
since 2019
6 recorded transactions
Zoning & alternative use
Top alternative use upside
Retail stores
$2.3M
+38.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 9 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$440k
Value range
$396k – $484k
±10% around blend
Estimated value / SF
$56 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
90
Income certainty
100
$396k
blend $440k
$484k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,917 SF
Lot area
2 ac
Year built
1992
Stories
2
APN
50-273-01-005
Assessed value
$406,837
Annual tax
$36,042
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.75M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.90M
@ 6.5% CAP return
$1.75M
@ 7% CAP return
$1.63M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$36,042
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.51M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.2 mi away · 8,000 SF
14.8 mi away · 7,400 SF
15.7 mi away · 10,047 SF
17.0 mi away · 6,236 SF
17.4 mi away · 9,703 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$440k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 319 sales
$213
-74%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $56/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+38%
vs current-use indication
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
9.24%
Selected cap rate for this office buildings
Derived from the Morrison market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.24%
9.0%
NOI (est.)
$162k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.75M
Move the market yield to see immediate price impact.
Value / SF
$221
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.74%9.24%9.74%
$146k
$1.67M
$1.58M
$1.49M
$162k
$1.85M
$1.75M
$1.66M
$178k
$2.04M
$1.93M
$1.83M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$1.00M
7.5 mi · Sep 2025 · $154/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$36,042
Tax year 2023
Assessed value
$406,837
Assessed 2023
Previous assessed
$406,837
+0.0% YoY
Effective rate
8.86%
On assessed value
Assessed land
$121,532
Assessed improvement
$285,305
Land market value
$435,600
Improvement market value
$1,052,600
Total market value
$1,488,200
Applied tax rate
4,537.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1992
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
7,917 SF
Lot
2 ac (87,120 SF)
APN
50-273-01-005
UPID
US13-2588603
Jurisdiction
JEFFERSON
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
2 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
