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    19316 Goddard Ranch Ct Morrison, CO 80465
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    Property profile & analytics

    19316 Goddard Ranch Ct, Morrison, CO 80465

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    • Office buildings
    • 7,917 SF
    • 2.00 lot acres
    For Sale
    $1,750,000
    View Listing →
    Modern Office Building on Large Lot For Sale
    $1,750,000
    12,000 SF

    Modern Office Building on Large Lot

    Office/Industrial building on 2 acres, ample parking, beautiful views.

    19316 Goddard Ranch, Morrison, CO 80465
    View Listing
    Property ID
    US13-2588603
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wanzek Construction, Inc. - Denver Area Office / Construction Company

    Property Details for 19316 Goddard Ranch Ct

    Year built
    1992
    Construction
    STEEL FRAME
    Lot size
    2.00 lot acres
    Property type
    Office buildings
    APN
    50-273-01-005
    APU
    5027301005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 26, 2019 $2,283,000 Mary Jane Youngblood Greeley Capital Partners LLC Special Warranty Deed $1.2M · Academy Bank NA
    Jan 4, 2019 $1,095,000 Greeley Capital Partners LLC Moreland Properties LLC Grant Deed —
    Jun 2, 2008 — Moreland Properties LLC Moreland,william D Quit Claim Deed · related —
    Apr 21, 2008 $1,050,000 William D Moreland Goddard Forest Service LLC Grant Deed —
    Jul 26, 2006 $830,000 Goddard Forest Service LLC Malbur Properties LLC Grant Deed $700k · Academy Bank
    Dec 30, 2004 — Malbur Properties LLC Mchugh,malcolm B Quit Claim Deed · related $410k · Community Banks Of Colorado

    Description

    This exceptional 8,302-square-foot Class B office building, situated on a 2-acre lot in Morrison, Colorado, presents a unique investment opportunity. Built in 1992, the single-story structure boasts a spacious layout ideal for a variety of uses. The property features ample parking for 50 vehicles, a significant advantage in this desirable location. Interior highlights include a welcoming lobby/reception area, multiple large conference rooms, private offices to accommodate various team sizes, a convenient kitchenette, and restrooms complete with a shower. High-speed fiber internet is available. The property is currently vacant, offering immediate occupancy for a new tenant or owner-occupier. Enjoy stunning views from this prime location, just 30 minutes from Denver and a short drive to the renowned Red Rocks Amphitheater. The asking price is $2,000,000, with a price per square foot of $240.91. This gross lease property offers a single tenancy and presents a compelling opportunity for investors seeking a well-maintained, strategically located office building in a thriving Colorado community. The property's address is 19316 Goddard Ranch Ct, Morrison, CO 80465.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,895,000
      6.5%
      $1,750,000
      7%
      $1,625,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,665,000
      Market price range: $952k - $2.72M
      AI Estimate
      $1,154,000
      Market price range: $378k - $1.91M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,690,000
      Current use
      RETAIL STORES
      $2,335,000
      Change: +38% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Morrison
    County
    Jefferson
    State
    Colorado
    Longitude
    -105.219
    Latitude
    39.586
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $36,042
    $121,532
    $285,305
    $406,837
    -
    $435,600
    $1,052,600
    $1,488,200

    Comparable in this City

    • Value Estimation by Request
      1,714 SF

      106 Stone St

      OFFICE BUILDING
      106 Stone St, Morrison, CO 80465
      View Details
    • Value Estimation
      $1,310,000
      800 SF

      9054 Us Hwy 285

      OFFICE BUILDING
      9054 Us Hwy 285, Morrison, CO 80465-8950
      View Details
    • Value Estimation
      $690,000
      3,413 SF

      110 Stone St

      OFFICE BUILDING
      110 Stone St, Morrison, CO 80465
      View Details
    • Value Estimation
      $1,165,000
      6,894 SF

      19423 Turkey Crk Rd

      OFFICE BUILDING
      19423 Turkey Crk Rd, Morrison, CO 80465-8902
      View Details
    • Value Estimation by Request
      1.26 Acres

      285 & C-470 Sec Of Hwy

      Restaurants
      285 & C-470 Sec Of Hwy, Morrison, CO 80465
      View Details
    • Value Estimation by Request
      2,975 SF

      19411 Turkey Crk Rd

      CONDOMINIUM OFFICES
      19411 Turkey Crk Rd, Morrison, CO 80465
      View Details

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      Modern Office Building on Large Lot

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    View Listing
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    Morrison, CO 80465
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    19316 Goddard Ranch Ct, Morrison, CO, 80465
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