Street-Level Retail
132 N Tejon St, Colorado Springs, CO 80903
For Sale
New
Contact for pricing
Restaurant infrastructure includes a grease trap, hood, and plumbing.
Property Size9,500 SF
Days on Market7
Property Features for 132 N Tejon St
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Additional Details
Floor
Amenities
grease trap
hood
plumbing
Building Details
Building Size
Year Built
Properties For Sale
at 132 N Tejon St
132 N Tejon St
Size
2,080 SF
Type
Street Retail
Term
Negotiable
Listing Agency:
Miramont Commercial Real Estate
Listed By:
Simon Penner
(719) 229-1585
Source:
Miramontcre
Added: Nov 8
Last Checked: Nov 12 at 6:45AM
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 Miramont Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This street-level retail space at 132 N Tejon St supports retail or restaurant use. Restaurant infrastructure includes a grease trap, hood, and plumbing. Renovations are dated 2026; the building was constructed in 1900.
The property is in downtown Colorado Springs along N Tejon Street, with a storefront facing the street.
The property is in downtown Colorado Springs along N Tejon Street, with a storefront facing the street.
Key Highlights
- Restaurant infrastructure includes a grease trap, hood, and plumbing
- Street‑level space supports retail or restaurant use
- Renovations dated 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,314
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,286,280
$2.3M
Cap Rate 7%
$1,633,057
$1.6M
Cap Rate 9%
$1,270,156
$1.3M
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$171.0K $18.00/SF
− Vacancy
−$7.7K −$0.81/SF
EGI
$163.3K $17.19/SF
− OpEx
−$49.0K −$5.16/SF
NOI
$114.3K $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%
$2,286,280
Cap Rate 7%
$1,633,057
Cap Rate 9%
$1,270,156
Alternative Uses
Best Use
Retail
$1.63M
$1.43M – $1.91M
NOI $114,314 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.88M
$1.64M – $2.19M
NOI $131,328 @ 7.0% cap
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
Location Intelligence
Trade Area within ½ mile
4,789
Businesses Nearby
114k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 18%
Hotels & Casinos 9%
Electronics 2%
McDonald's
Dining
25,596 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
16,776 visits/mo
0.4 miles
Taco Bell
Dining
10,363 visits/mo
0.3 miles
Carl's Jr.
Dining
9,767 visits/mo
0.1 miles
Wendy's
Dining
8,827 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Colorado Springs
Vacancy Rate% for Retail in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Retail space - Restaurant infrastructure includes a grease trap, hood, and plumbing.
Where is this retail space located?
The property is located at 132 N Tejon St Colorado Springs, CO.
What are key features of this property?
This property features: Restaurant infrastructure includes a grease trap, hood, and plumbing; Street‑level space supports retail or restaurant use; Renovations dated 2026
