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Property profile & analytics
FOR SALE
Office buildings
19316 Goddard Ranch Ct Morrison, CO 80465
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-2588603
For Sale
1 / 30
$1,750,000
19316 Goddard Ranch Ct, Morrison, CO 80465
View Listing →
Property summary
AI-generated overview
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.
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wanzek Construction, Inc. - Denver Area Office Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.75M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.53M
Owner & transaction history
Mary Jane Youngblood · 7 yrs held
Mary Jane Youngblood
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.3M
+38.4%
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 Morrison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrison 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,895,000
6.5%
$1,750,000
7%
$1,625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,690,000
Current use
RETAIL STORES
$2,335,000
Change: +38% · Conversion: Moderate
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10%
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
$193 / 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
$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
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
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
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
RETAIL STORES
Est. value
$2.3M
OFFICE BUILDING Current
RETAIL STORES
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
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Mary Jane Youngblood
Individual
Mailing address
106 HEMLOCK EDGE, BOONE, NC 28607-9706
Ownership since
2019
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
Mar 26, 2019
$2,283,000
Mary Jane Youngblood
Greeley Capital Partners LLC
Special Warranty Deed
$1,175,000 · 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
$700,000 · Academy Bank
Dec 30, 2004
—
Malbur Properties LLC
Mchugh,malcolm B
Quit Claim Deed
related
$410,000 · Community Banks Of Colorado
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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