Two-Story Mixed-Use
For Sale
Contact for pricing
110 N Tejon St, Colorado Springs, CO 80903
Ground-floor retail is leased long term, with office space above under short-term leases.
Property Size7,405 SF
Price / SF$243.08
Days on Market284
Property Features for 110 N Tejon St
General Information
Standard status
Active
Size
7,405 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Downtown
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Hoff & Leigh
(719) 630-2277
Listed By:
Guy Cox · License #FA.100075843
(719) 357-7494
Source:
Moodyscre
Added: Jan 19
Changed: Oct 25
Last Checked: Oct 28 at 7:59AM
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 Hoff & Leigh
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 110 N. Tejon Street in downtown Colorado Springs, this 7,405-square-foot, two-story mixed-use property combines retail and office space. The ground floor is configured as retail space and carries a long-term lease, while the second floor provides office space with short-term leases.
The property is positioned directly above Savory Spice Shop, placing the building within an established downtown retail setting. Its configuration provides separate retail and office components within the same two-story building, with existing leases across both levels.
The property is positioned directly above Savory Spice Shop, placing the building within an established downtown retail setting. Its configuration provides separate retail and office components within the same two-story building, with existing leases across both levels.
Key Highlights
- 7,405‑square‑foot mixed‑use property in downtown Colorado Springs
- Two‑story building with retail and office components
- Ground‑floor retail space has a long‑term lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,104
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,782,080
$1.8M
Cap Rate 7%
$1,272,914
$1.3M
Cap Rate 9%
$990,044
$990.0K
Market Conditions
NOI Build-Up for 7,405 SF
Gross rent
$133.3K $18.00/SF
− Vacancy
−$6.0K −$0.81/SF
EGI
$127.3K $17.19/SF
− OpEx
−$38.2K −$5.16/SF
NOI
$89.1K $12.03/SF
Area
Colorado Springs, CO
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,782,080
Cap Rate 7%
$1,272,914
Cap Rate 9%
$990,044
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.49M
NOI $89,104 @ 7.0% cap · market cap 4.95%
Second Best
Mixed Use
$1.18M
$1.03M – $1.38M
NOI $82,640 @ 7.0% cap · market cap 4.59%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.71M
NOI $102,367 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,815
Businesses Nearby
Explore this area
Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail is leased long term, with office space above under short-term leases.
Where is this mixed-use property located?
The property is located at 110 N Tejon St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 7,405‑square‑foot mixed‑use property in downtown Colorado Springs; Two‑story building with retail and office components; Ground‑floor retail space has a long‑term lease
