Downtown Colorado Springs Office
For Sale
Contact for pricing
612 N Tejon St, Colorado Springs, CO 80903
5,000 square foot office building in downtown Colorado Springs.
Property Size5,000 SF
Price / SF$270
Days on Market867
Property Features for 612 N Tejon St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Office
Building Details
Year Built
1979
Listing Agency:
SOCO Commercial Real Estate, LLC
(719) 888-9901
Listed By:
Russell Stroud · License #FA40033398
Source:
Crexi
Added: Mar 19, 2024
Changed: Jul 6
Last Checked: Aug 1 at 6:21PM
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 SOCO Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This commercial real estate offering is a 5,000 square foot office building located in downtown Colorado Springs. The property is suitable for office use.
Key Highlights
- 5,000 square foot office space available
- Located in downtown Colorado Springs
- Office building
Financial Insights For Office B
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 | $75.0k | $15.00 |
| − Vacancy | −$9.4k | −$1.88 |
| EGI | $65.6k | $13.13 |
| − OpEx | −$16.4k | −$3.28 |
| NOI | $49.2k | $9.84 |
5,000 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$703.1K
$615.2K – $820.3K
NOI $49,219 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$987.4K
$864.0K – $1.15M
NOI $69,120 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
698
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
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Frequently Asked Questions
What type of property is this?
Office building - 5,000 square foot office building in downtown Colorado Springs.
Where is this office building located?
The property is located at 612 N Tejon St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 5,000 square foot office space available; Located in downtown Colorado Springs; Office building
