Industrial Property with Secured
For Sale
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931 South Tejon Street, Colorado Springs, CO 80903
Industrial asset with a secured yard and access to I-25 in central Colorado Springs.
Property Size3,170 SF
Price / SF$252.05
Days on Market108
Property Features for 931 South Tejon Street
General Information
Standard status
Active
Size
3,170 SF
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Year Built
1957
Year Renovated
2021
Listing Agency:
Matthews
Listed By:
Jack Kuzio · License #100103394
Source:
Crexi
Added: Jul 7
Changed: Oct 20
Last Checked: Oct 20 at 8:10PM
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 Matthews
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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 industrial property at 931 South Tejon Street was built in 1957 and includes a secured yard. The asset is positioned in downtown Colorado Springs with access to I-25, connecting the site to the broader regional transportation network.
The property size is listed as 3,170, providing a defined industrial footprint within an infill urban setting.
The property size is listed as 3,170, providing a defined industrial footprint within an infill urban setting.
Key Highlights
- Secured yard included
- Access to I‑25
- Located at 931 South Tejon Street, Colorado Springs, CO 80903
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,766
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,320
$575.3K
Cap Rate 7%
$410,943
$410.9K
Cap Rate 9%
$319,622
$319.6K
Market Conditions
NOI Build-Up for 3,170 SF
Gross rent
$43.0K $13.56/SF
− Vacancy
−$1.9K −$0.60/SF
EGI
$41.1K $12.96/SF
− OpEx
−$12.3K −$3.89/SF
NOI
$28.8K $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 Rate 5%
$575,320
Cap Rate 7%
$410,943
Cap Rate 9%
$319,622
Alternative Uses
Best Use
Industrial
$410.9K
$359.6K – $479.4K
NOI $28,766 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$626.0K
$547.8K – $730.4K
NOI $43,822 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,456
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial asset with a secured yard and access to I-25 in central Colorado Springs.
Where is this industrial property located?
The property is located at 931 South Tejon Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Secured yard included; Access to I‑25; Located at 931 South Tejon Street, Colorado Springs, CO 80903
