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 Market193
Property Features for 110 N Tejon St
General Information
Standard status
Active
Size
7,405 SF
Property subtype
RETAIL
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Hoff & Leigh
(719) 357-7494
Listed By:
Guy Cox · License #FA.100075843
(719) 357-7494
Source:
Moodyscre
Added: Jan 19
Changed: Jul 31
Last Checked: Jul 31 at 9:14AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.3k | $18.00 |
| − Vacancy | −$6.0k | −$0.81 |
| EGI | $127.3k | $17.19 |
| − OpEx | −$38.2k | −$5.16 |
| NOI | $89.1k | $12.03 |
7,405 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
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.
Property 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
Market
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
