Auto Dealership Property with
For Sale
Contact for pricing
928 S Tejon St, Colorado Springs, CO 80903
For sale south downtown property with flexible FBZ zoning and 275 feet of street frontage, including multiple structures.
Property Size2,259 SF
Lot Size0.93 Acres
Price / SF$203.63
Days on Market458
Property Features for 928 S Tejon St
General Information
Standard status
Active
Size
2,259 SF
Lot size
0.93 Acres
Property subtype
RETAIL
Zoning
FBZ
Additional Details
Road Access
Yes
Listing Agency:
Trent Properties Group
(719) 237-9425
Listed By:
Deanne Walker · License #EA.1318522
(719) 237-9425
Source:
Moodyscre
Added: Apr 30, 2025
Changed: Jul 27
Last Checked: Jul 30 at 10:28AM
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 Trent Properties Group
Investment Insights
Based on property information with market context.
This for-sale automotive and retail-oriented property features flexible FBZ zoning and includes a 1,443-square-foot commercial building, an 816-square-foot house, and a detached garage. The current tenant is a used car dealer, and the site sits on a 40,652-square-foot lot.
The property offers 275 feet of frontage on Tejon St, providing substantial street exposure for a range of commercial uses compatible with the flexible FBZ zoning.
With multiple existing structures on-site, the layout supports an operating car sales use while also allowing room for future reconfiguration subject to zoning and applicable requirements.
The property offers 275 feet of frontage on Tejon St, providing substantial street exposure for a range of commercial uses compatible with the flexible FBZ zoning.
With multiple existing structures on-site, the layout supports an operating car sales use while also allowing room for future reconfiguration subject to zoning and applicable requirements.
Key Highlights
- Flexible FBZ zoning in south downtown
- 275 ft of frontage on Tejon St
- 40,652 sq ft lot
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 | $40.7k | $18.00 |
| − Vacancy | −$1.8k | −$0.81 |
| EGI | $38.8k | $17.19 |
| − OpEx | −$11.6k | −$5.16 |
| NOI | $27.2k | $12.03 |
2,259 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$388.3K
$339.8K – $453.1K
NOI $27,183 @ 7.0% cap · market cap 5.91%
Second Best
Industrial
$292.8K
$256.2K – $341.7K
NOI $20,499 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$446.1K
$390.4K – $520.5K
NOI $31,228 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,097
Businesses Nearby
58k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 29%
Hotels & Casinos 20%
Dutch Bros. Coffee
Dining
16,776 visits/mo
0.5 miles
SpringHill Suites by Marriott Colorado Springs Downtown
Hotels & Casinos
11,361 visits/mo
0.2 miles
Maverik Adventures First Stop
Shops & Services
7,809 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,746 visits/mo
0.1 miles
Wells Fargo
Shops & Services
4,826 visits/mo
0.3 miles
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 Retail in Colorado Springs, CO
Questions? Ask Rey
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Similar Off Market Nearby
- Fixed mobile auto repair inc. — 1601 S Wahsatch Ave, Colorado Springs, CO 80905
- Great Scotts Auto Shop — 534 asbury pl, colorado springs, co 80905
- Big O Tires — 1611 S Nevada Ave, Colorado Springs, CO 80905
- Drive-In Autosound & Window Tint — 165 W Motor Way, Colorado Springs, CO 80905
- Sweat Shop — 528 Asbury Pl, Colorado Springs, CO 80905
Frequently Asked Questions
What type of property is this?
Auto shop - For sale south downtown property with flexible FBZ zoning and 275 feet of street frontage, including multiple structures.
Where is this auto shop located?
The property is located at 928 S Tejon St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Flexible FBZ zoning in south downtown; 275 ft of frontage on Tejon St; 40,652 sq ft lot
