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    121 Tejon St Colorado Springs, CO 80903

    For Lease
    $21 SF/Yr

    Downtown Colorado Springs Office Building, 280,000 sqft

    Lot size:
    280,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    The South Tower at 121 South Tejon Street in Colorado Springs, Colorado offers premium Class A office space within a prestigious downtown campus. This thirteen-story building, constructed in 2001, boasts a total of 280,000 square feet, currently featuring 6,220 square feet of immediately available space. Multiple tenancy options are available, with individual suites ranging from 2,187 to 6,402 square feet. The building is situated in El Paso County, zip code 80903, and is easily accessible. The South Tower is distinguished by its unique architectural design and impressive multi-story lobby featuring water features. As the newest and largest Class A office building in downtown Colorado Springs, it represents the pinnacle of modern office space in the area. This property provides an exceptional opportunity for businesses seeking a high-profile location in a vibrant and growing city. The building's prime location within the Plaza of the Rockies office campus offers convenient access to amenities and excellent visibility. Interested parties are encouraged to inquire about available space and lease terms. This is a rare opportunity to secure space in one of Colorado Springs' most sought-after office buildings.

    Property Features for 121 Tejon St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    280,000 SF
    Class
    A
    Total Rate
    490000

    Building Details

    Year Built
    2001
    Stories
    13

    Unit(s) available at that property

    Space
    Suite 701
    Size
    6,402 SF
    Rate per SF
    $21
    Space
    Suite 1110
    Size
    2,187 SF
    Rate per SF
    $21

    HighLights

    • Premium Class A office space in a prestigious downtown Colorado Springs campus.
    • 280,000 square feet, 13‑story building (2001 construction), with 6,220 square feet immediately available.
    • Suites range from 2,187 to 6,402 square feet; multiple tenancy options.
    • 4 parking spaces per 1,000 square feet.
    • On‑site management, state‑of‑the‑art fitness center, and concierge services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Runners Roost Shoe Store CLA (CliftonLarsonAllen) Accounting Firm TSR Inc Software Company ENSCO - Colorado Springs, ... Aerospace Company Allred Kenneth D Psychologist

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Law Firm Nail Salon

    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
    -104.8231039
    Latitude
    38.8314057

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    FAQs

    What type of property is this?
    Office space - Downtown Colorado Springs Office Building, 280,000 sqft
    Where is this office space located?
    The property is located at 121 Tejon St Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Premium Class A office space in a prestigious downtown Colorado Springs campus.; 280,000 square feet, 13-story building (2001 construction), with 6,220 square feet immediately available.; Suites range from 2,187 to 6,402 square feet; multiple tenancy options.
    Request Owner's contact information
    121 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
    121 Tejon St Colorado Springs, CO 80903
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