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    1031 Tejon St Colorado Springs, CO 80903

    For Sale
    $425,000

    $425K, 571 SF Creative Office, Vacant

    Property size:
    571 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 571-square-foot creative office space, located at 1031 S Tejon Street in Colorado Springs, Colorado, is offered at $425,000. The property, built in 1948, is a Class C building situated on a 3,575-square-foot lot and benefits from a highly visible corner location. Its convenient proximity to I-25 (less than 0.3 miles) and downtown Colorado Springs makes it an attractive investment opportunity. The property includes four off-street parking spaces and a fully fenced backyard area, providing ample space and security. The building is currently vacant, offering immediate occupancy for a new owner. The lease type is NNN. The zoning is FBZ-T1. In addition to the main 571 square feet, there is also 250 square feet of basement storage space available. The asking price per square foot is $744.31. This freestanding building presents a unique chance to acquire a well-located, versatile commercial property in a thriving Colorado Springs neighborhood. The zip code is 80903. El Paso County is the county location.

    Property Features for 1031 Tejon St

    General Information

    Property type
    Office space
    Square Feet
    571 SF
    Class
    C

    Building Details

    Year Built
    1948
    Buildings
    1

    HighLights

    • 571‑square‑foot creative office space for sale at $425,000.
    • Located at 1031 S Tejon Street, Colorado Springs, CO 80903, in El Paso County.
    • Class C building on a 3,575‑square‑foot lot, built in 1948.
    • High visibility corner location, less than 0.3 miles from I‑25 and downtown.
    • Features four off‑street parking spaces and a fully fenced backyard.
    • Currently vacant, offering immediate occupancy; NNN lease type; FBZ‑T1 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

    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
    -104.8240526
    Latitude
    38.8186147

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    FAQs

    What type of property is this?
    Office space - $425K, 571 SF Creative Office, Vacant
    Where is this office space located?
    The property is located at 1031 Tejon St Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 571-square-foot creative office space for sale at $425,000.; Located at 1031 S Tejon Street, Colorado Springs, CO 80903, in El Paso County.; Class C building on a 3,575-square-foot lot, built in 1948.
    Request Owner's contact information
    1031 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
    1031 Tejon St Colorado Springs, CO 80903
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