Industrial Building with Fenced
For Sale
Contact for pricing
3516 N Tejon St, Colorado Springs, CO 80907
Industrial building with a fenced yard, three-phase power, and an existing lease through 2027.
Property Size6,000 SF
Price / SF$145.83
Days on Market241
Property Features for 3516 N Tejon St
General Information
Standard status
Active
Size
6,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
RE/MAX - Properties, Inc. | Colorado Springs
(719) 235-7499
Listed By:
Rob Rolley · License #FA40047227
(719) 235-7499
Source:
Moodyscre
Added: Jan 1
Changed: Aug 29
Last Checked: Aug 29 at 4:24PM
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 RE/MAX - Properties, Inc. | Colorado Springs
Investment Insights
Based on property information with market context.
The property includes a 6,000-square-foot industrial building on 0.43 acres, with a fenced yard and a satellite tower. Three-phase power supports industrial operations, while street and rear parking provide on-site parking options. The building is leased to a grow tenant through 2027.
Located on N Tejon Street in Colorado Springs, the property offers access to Interstate I-25 and downtown Colorado Springs. Its combination of industrial improvements, secured outdoor space, specialized power, and an existing lease creates a defined commercial property profile for an owner or investor evaluating industrial real estate.
Located on N Tejon Street in Colorado Springs, the property offers access to Interstate I-25 and downtown Colorado Springs. Its combination of industrial improvements, secured outdoor space, specialized power, and an existing lease creates a defined commercial property profile for an owner or investor evaluating industrial real estate.
Key Highlights
- 6,000‑square‑foot industrial building on 0.43 acres
- Fenced yard with street and rear parking
- Three‑phase power installed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,088,920
$1.1M
Cap Rate 7%
$777,800
$777.8K
Cap Rate 9%
$604,956
$605.0K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$81.4K $13.56/SF
− Vacancy
−$3.6K −$0.60/SF
EGI
$77.8K $12.96/SF
− OpEx
−$23.3K −$3.89/SF
NOI
$54.4K $9.07/SF
Area
Colorado Springs, CO
Vacancy
4.40%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,088,920
Cap Rate 7%
$777,800
Cap Rate 9%
$604,956
Alternative Uses
Best Use
Industrial
$777.8K
$680.6K – $907.4K
NOI $54,446 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.18M
$1.04M – $1.38M
NOI $82,944 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 80907, CO
28,806
Population
13,250
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
9.8 sq mi
ZIP Area
2,939
Density / Sq Mi
$71,393
Median Household Income
$41,355
Median Earnings
$1,392
Median Rent
$371,200
Median Home Value
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building with a fenced yard, three-phase power, and an existing lease through 2027.
Where is this industrial property located?
The property is located at 3516 N Tejon St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 6,000‑square‑foot industrial building on 0.43 acres; Fenced yard with street and rear parking; Three‑phase power installed
