Downtown Colorado Springs Office
For Sale
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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 Market959
Property Features for 612 N Tejon St
General Information
Standard status
Active
Size
5,000 SF
Class
A
Property subtype
Office
Zoning
FBZ-T2A
Occupancy
100%
Investment Type
Net Lease
Site & Location
Neighborhood
Downtown
Building Details
Year Built
1979
Buildings
1
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
SOCO Commercial Real Estate, LLC
Listed By:
Russell Stroud · License #FA40033398
(719) 238-8695
Source:
Crexi
Added: Mar 19, 2024
Changed: Oct 25
Last Checked: Nov 1 at 3:43AM
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
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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 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
Estimated NOI and Cap Rate
NOI / Yr
$49,219
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,380
$984.4K
Cap Rate 7%
$703,129
$703.1K
Cap Rate 9%
$546,878
$546.9K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$75.0K $15.00/SF
− Vacancy
−$9.4K −$1.88/SF
EGI
$65.6K $13.13/SF
− OpEx
−$16.4K −$3.28/SF
NOI
$49.2K $9.84/SF
Area
Colorado Springs, CO
Vacancy
12.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,380
Cap Rate 7%
$703,129
Cap Rate 9%
$546,878
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
3,242
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Colorado Springs, CO
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
