Modern Office Building with Secure
For Sale
$1,400,000
19316 Goddard Ranch Ct, Morrison, CO 80465
Modern office layout with lobby, conference rooms, private offices, and secure fenced compound on a 2-acre lot.
Property Size8,302 SF
Lot Size2.00 Acres
Days on Market48
Property Features for 19316 Goddard Ranch Ct
General Information
Standard status
Active
Size
8,302 SF
Total Parking Spaces
50
Lot size
2.00 Acres
Property subtype
Industrial
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$27,172
Building Details
Building Size
8,302 SF
Year Built
1992
Listing Agency:
RE/MAX Alliance
(303) 543-0625
Listed By:
James Thomas · License #100031661
(303) 543-0625
Source:
Elliman
Added: Jul 9
Changed: Aug 14
Last Checked: Aug 25 at 7:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Alliance
Investment Insights
Based on property information with market context.
Modern office building on a large 2-acre lot with ample parking and a secure, fenced compound area for equipment and vehicles. Interior features include a lobby/reception area, large conference rooms, private offices, a kitchenette, and restrooms equipped with a shower.
The property includes 50 parking lot spaces. It is zoned for Office, Industrial, Special Trades Contracting Services, Wholesale and Storage, and more. The maximum square footage allowed for the parcel is 12,000 SF.
For sale at 19316 Goddard Ranch Ct, Morrison, CO 80465, the building is also described as available for lease on an NNN basis.
The property includes 50 parking lot spaces. It is zoned for Office, Industrial, Special Trades Contracting Services, Wholesale and Storage, and more. The maximum square footage allowed for the parcel is 12,000 SF.
For sale at 19316 Goddard Ranch Ct, Morrison, CO 80465, the building is also described as available for lease on an NNN basis.
Key Highlights
- 1992‑built modern office building on a 2‑acre lot with 50 parking lot spaces and a secure fenced compound area
- Office interior with lobby/reception, large conference rooms, private offices, a kitchenette, and restrooms including a shower
- Multi‑use zoning for Office, Industrial, Special Trades Contracting Services, Wholesale, and Storage (and more)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$111,878
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,237,560
$2.2M
Cap Rate 7%
$1,598,257
$1.6M
Cap Rate 9%
$1,243,089
$1.2M
Market Conditions
NOI Build-Up for 8,302 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$168.4K $20.28/SF
− Vacancy
−$19.2K −$2.31/SF
EGI
$149.2K $17.97/SF
− OpEx
−$37.3K −$4.49/SF
NOI
$111.9K $13.48/SF
Area
Jefferson County, CO
Vacancy
11.40%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,237,560
Cap Rate 7%
$1,598,257
Cap Rate 9%
$1,243,089
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.86M
NOI $111,878 @ 7.0% cap · market cap 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$18.47M
$16.17M – $21.55M
NOI $1,293,247 @ 7.0% cap · market cap 92.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 80465, CO
16,196
Population
6,505
Households
2.5
Avg Household Size
44
Median Age
53%
College-Educated
96%
High-School Grad
43.4 sq mi
ZIP Area
373
Density / Sq Mi
$130,455
Median Household Income
$60,798
Median Earnings
$2,270
Median Rent
$628,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Modern office layout with lobby, conference rooms, private offices, and secure fenced compound on a 2-acre lot.
Where is this office building located?
The property is located at 19316 Goddard Ranch Ct Morrison, CO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 1992‑built modern office building on a 2‑acre lot with 50 parking lot spaces and a secure fenced compound area; Office interior with lobby/reception, large conference rooms, private offices, a kitchenette, and restrooms including a shower; Multi‑use zoning for Office, Industrial, Special Trades Contracting Services, Wholesale, and Storage (and more)
