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    528 Tejon St Colorado Springs, CO 80903

    For Sale
    $850,000

    Colorado Springs Creative Office Space. $850,000

    Property size:
    2,698 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Colorado Springs investment opportunity presents a unique blend of historic charm and modern functionality. Located at 528 N Tejon St, this property boasts 2,698 square feet of creative office space within a three-building complex, situated on a 9,500 square foot lot. The main building, constructed in 1894 and renovated in 1990, features two stories and is complemented by a detached residential cottage and a detached garage, offering versatile usage options. The property benefits from abundant on-site parking, including a concrete rear parking lot, providing ample convenience for tenants and visitors. The asking price is $850,000, translating to $315.05 per square foot. The property's prime location between Downtown Colorado Springs (CBD) and Colorado College ensures high visibility and accessibility. The air-conditioned space is ideal for a variety of creative businesses seeking a unique and well-maintained office environment. The El Paso County property (APN 6407316005) offers a compelling investment prospect with its combination of historical significance, modern amenities, and strategic location. This is a rare chance to acquire a well-established property with significant potential for growth and return.

    Property Features for 528 Tejon St

    General Information

    Property type
    Office space
    Square Feet
    2,698 SF

    Building Details

    Year Built/Renovated
    1894/1990
    Buildings
    3
    Stories
    2
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Office of Mark ... Estate Planning Attorney Atomic Cowboy Bar AXC Bar Fat Sully's Pizza Pizza Restaurant Denver Biscuit Company Breakfast Restaurant

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Law Firm Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.82312624667
    Latitude
    38.841968611012

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    FAQs

    What type of property is this?
    Office space - Colorado Springs Creative Office Space. $850,000
    Where is this office space located?
    The property is located at 528 Tejon St Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $850,000.
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    528 Tejon St Colorado Springs, CO 80903
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    Colorado Springs, CO 80903
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    528 Tejon St Colorado Springs, CO 80903
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