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    102 S Tejon St, Unit 11TH Colorado Springs, CO 80903
    Property profile & analytics

    102 S Tejon St, Unit 11TH Colorado Springs, CO 80903

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    • Office buildings
    • 201,366 SF
    • 1.50 lot acres
    For Lease
    $20,750,000
    View Listing →
    Flexible Workspace Solutions Available For Lease
    $20,750,000

    Flexible Workspace Solutions Available

    Global network of workspaces with flexible terms and customizable options.

    102 S. Tejon 11th Floor, Colorado Springs, CO 80903
    View Listing
    Property ID
    US13-0996283
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CBRE / Real Estate Agency
    • Steve Pariani / (Bike/Boat/Book/etc) Store
    • Reliable Appliance Repair / Home Appliance Store
    • Paul Edwards Associates / Insurance Agency
    • Lipson Neilson / Law Firm

    Property Details for 102 S Tejon St

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    1.50 lot acres
    Property size
    201,366 SF
    Zone code
    FBZ-CEN
    Property type
    Office buildings
    APN
    6418302017
    APU
    6418302017

    Description

    This exceptional Class A office space, located at 102 S. Tejon, 11th Floor, in the heart of downtown Colorado Springs, CO 80903, offers a variety of workspace solutions. The Alamo Corporate Center boasts 14,190 square feet of total building space, currently featuring 5,970 square feet of vacant space available for lease. The building comprises 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. The property underwent renovations in 2019, ensuring modern amenities and a stylish environment. Tenancy is multiple, allowing for flexible lease arrangements. Enjoy stunning Pikes Peak views from this executive office, coworking, or creative office space. Building amenities include elevators and a convenient on-site coffee bar. The location provides easy access to Interstate 25, and is within walking distance of hotels, shops, restaurants, and mountain trails. This prime location in El Paso County offers a productive and sociable atmosphere, perfect for placing your business center stage. The building's modern design and convenient location make it an ideal choice for businesses seeking a vibrant and inspiring workspace. The property is easily accessible and offers a variety of options for businesses seeking a flexible and modern office solution.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $16,377,000
      Market price range: $7.29M - $42.0M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.824
    Latitude
    38.8319
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $798,470
    $5,161,280
    $5,959,750
    -
    $2,861,892
    $18,499,210
    $21,361,102

    Comparable in this City

    • Value Estimation
      $7,025,000
      66,600 SF

      27 Vermijo Ave

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      View Details
    • Value Estimation
      $2,730,000
      16,443 SF

      27 Tejon St

      OFFICE BUILDING • 16,443 SF
      27 Tejon St, Colorado Springs, CO 80903-1538
      View Details
    • Value Estimation by Request
      1,471 SF

      508 Tejon St

      OFFICE BUILDING • 1,471 SF
      508 Tejon St, Colorado Springs, CO 80903-1110
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    • Value Estimation by Request
      650 SF

      935 Tejon St

      OFFICE BUILDING • 650 SF
      935 Tejon St, Colorado Springs, CO 80903-4236
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    • Value Estimation
      $15,370,000
      97,214 SF

      705 Nevada Ave

      OFFICE BUILDING • 97,214 SF
      705 Nevada Ave, Colorado Springs, CO 80903-4027
      View Details
    • Value Estimation by Request
      2,382 SF

      415 Cascade Ave

      OFFICE BUILDING • 2,382 SF
      415 Cascade Ave, Colorado Springs, CO 80903-3357
      View Details

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      Colorado Springs Office Building For Sale

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    Similar Nearby for Lease

    • $16 SF/Yr
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      Historic Downtown Colorado Springs Office

      Historic office building in downtown Colorado Springs for lease.
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    • $17 SF/Yr

      Downtown Colorado Springs Office Space

      Class A office space with mountain views and on-site parking.
      102 N Cascade Ave, Colorado Springs, CO 80903
      View Details
    • Contact for pricing

      Downtown Colorado Springs Office Space

      Professional office environment in the heart of Downtown Colorado Springs.
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      2,958 SF

      Restored Office Building Near I-25

      2,958 SF office building near I-25 for sale or lease.
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      View Details
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      Historic Downtown Colorado Springs Office

      Historic office building in downtown Colorado Springs for lease.
      128 S Tejon St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing

      Downtown Colorado Springs Office Space

      Class A office space for lease with excellent views.
      102 N Cascade Ave, Colorado Springs, CO 80903
      View Details
    View Listing
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    Colorado Springs, CO 80903
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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