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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Sports & entertainment properties
3051 Rooney Rd Morrison, CO 80465-9748
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-0115817
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1989
Construction
FRAME
Total area
9,441 SF
Lot
106.8 ac (4,652,382 SF)
APN
40-351-02-003
UPID
US13-0115817
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
-
Christmas in Color at Bandimere Speedway Hotel & Motel Resort
-
Shifter Kart City Go-Kart Track Entertainment
-
Competitive Threads Discount Store
-
Open Road Supercar Tour by Xtreme Xperience Car Racing Track
-
Taylor & Martin Auctions Trade Show Venue (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$610k
Owner & transaction history
Rooney Road LLC · 7 yrs held
Rooney Road LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$930,000
+98.7%
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
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$470,000
Current use
MEDICAL BUILDING
$930,000
Change: +99% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$65 / 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
$58,482
Tax year 2023
Assessed value
$661,230
Assessed 2023
Previous assessed
$661,230
+0.0% YoY
Effective rate
8.84%
On assessed value
Assessed land
$446,975
Assessed improvement
$214,255
Land market value
$1,602,060
Improvement market value
$797,940
Total market value
$2,400,000
Applied tax rate
4,445.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
NONE
Buildings
7
Stories
11
Units
1
Total area
9,441 SF
Lot
106.8 ac (4,652,382 SF)
APN
40-351-02-003
UPID
US13-0115817
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$470,000
MEDICAL BUILDING
Est. value
$930,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
MEDICAL BUILDING
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
1989
Construction
FRAME
Heating
NONE
Stories
11
Buildings
7
Units
1
Lot
106.8 ac
Current owner
From public records · entity-resolved
Rooney Road LLC
Entity
Mailing address
3051 S ROONEY RD, MORRISON, CO 80465-9748
Mailing matches property
Yes
Owner-occupied
Yes
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 5, 2019
—
Rooney Road LLC
Brockway,jeanne
Quit Claim Deed
related
—
Oct 21, 2008
—
Rooney Road LLC
Bandimere,john C JR
Quit Claim Deed
related
—
Jul 12, 2005
$1,784,000
John C Bandimere JR.
Bandimere,john C JR
Grant Deed
related
$2,030,000 · Guaranty Bank
Jan 14, 2004
—
Action Karting LLC & Co-race
—
Trustees Deed
related
$202,080 · Front Range Bank
Jul 27, 1999
—
John C Bandimere
—
Deed Of Trust
related
$2,400,000 · Guaranty Bank & Trust Co
—
—
Rooney Road LLC
—
Deed Of Trust
related
$1,250,000 · Guaranty Bank
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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