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    Light Industrial Building with HVAC Title is generated by Realmo AI

    3512 N Tejon St, Colorado Springs, CO 80907

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    Well-maintained 20,601 sf light industrial facility with climate-controlled high-bay space and multiple drive-in doors.

    Type:Industrial
    Property size:
    20,601 SF
    Price / SF:
    $148/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 5:03 am

    Property Features for 3512 N Tejon St

    General Information

    Standard status
    Active
    Size
    20,601 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1967

    We can help!

    Listing Contact
    John Benson
    John Benson

    Listing agent John Benson License #CO FA.100088508

    Listing office NAI Highland, LLC

    Listing date Jun 3, 2026

    Source Crexi

    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 NAI Highland, LLC

    HighLights

    • 20,601 SF light industrial building built in 1967
    • New roof installed in 2018, with additional updates completed in 2023
    • Includes 7,000 SF+ high‑bay warehouse space with 100% climate‑controlled HVAC
    • HVAC capacity includes 69.5 tons of RTU cooling; electrical service is 2,400‑amp, 3‑phase
    • Three drive‑in loading doors for warehouse and distribution access
    • Enterprise zone eligibility and location within a federally designated opportunity zone

    Overview

    Built in 1967, this well-maintained light industrial building totals 20,601 square feet and includes 7,000 square feet of high-bay warehouse space. The roof was installed in 2018, with additional updates completed in 2023. Interior comfort is supported by 100% climate-controlled HVAC, served by 69.5 tons of RTU cooling capacity. The facility includes three drive-in loading doors and robust electrical service with 2,400-amp, 3-phase capacity, providing flexibility for a range of warehouse, manufacturing, and distribution needs.

    The property is located at 3512 N Tejon St in Colorado Springs. It is within a North Nevada overlay district, which is designed to encourage enhanced redevelopment, improved site design, and long-term economic activity along the North Nevada corridor. The address is also within a federally designated opportunity zone, which may provide potential capital gains tax advantages for qualified investors.

    For tenants and owner-users, the combination of high-bay warehouse area, climate control, multiple drive-in doors, and strong electrical capacity supports a variety of industrial operations. For investors, the location’s enterprise zone eligibility may offer potential state tax credits and incentives tied to expansion, job creation, equipment investment, and facility improvements within the zone.

    Local Financial Insights For Warehouse

    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 $279.3k $13.56
    − Vacancy −$12.3k −$0.60
    EGI $267.1k $12.96
    − OpEx −$40.1k −$1.94
    NOI $227.0k $11.02
    20,601 SF · lease $13.56/SF/yr · vacancy 4.40% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $3.24M
    $2.84M – $3.78M (±1% cap)
    NOI $226,999 @ 7.0% cap · market cap 7.44%
    Second Best
    Industrial
    $2.67M
    $2.34M – $3.12M (±1% cap)
    NOI $186,941 @ 7.0% cap · market cap 6.13%
    Theoretical Best
    Specialty Retail
    $4.07M
    $3.56M – $4.75M (±1% cap)
    NOI $284,788 @ 7.0% cap · market cap 9.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Remedy Bath Co. (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Colorado Springs Self Storage - North — 330 karen ln, colorado springs, co 80907
    • Public Storage — 3061 Wood Ave, Colorado Springs, CO 80907
    • Self-Storage at U-Haul — 3105 N Nevada Ave, Colorado Springs, CO 80907
    • Daniels Moving and Storage — 2325 Sinton Rd, Colorado Springs, CO 80907
    • Allied Van Lines — 2838 N El Paso St #99a, Colorado Springs, CO 80907

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.821284
    Latitude
    38.880318

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    FAQs

    What type of property is this?
    Warehouse - Well-maintained 20,601 sf light industrial facility with climate-controlled high-bay space and multiple drive-in doors.
    Where is this warehouse located?
    The property is located at 3512 N Tejon St Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $3,050,000.
    What are key features of this property?
    This property features: 20,601 SF light industrial building built in 1967; New roof installed in 2018, with additional updates completed in 2023; Includes 7,000 SF+ high‑bay warehouse space with 100% climate‑controlled HVAC
    (719) 577-0044 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Benson
    John Benson
    Real Estate License ID: CO FA.100088508
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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