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Property profile & analytics
FOR SALE
Retail space
104 N Tejon St Colorado Springs, CO 80903
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0026136
For Sale
1 / 3
$1,275,000
104 N Tejon St, Colorado Springs, CO 80903
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,410 SF
Lot
0.04 ac (1,574 SF)
Zoning code
FBZ-T1 CU
APN
6418210033
UPID
US13-0026136
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cronk Art and Curiosities (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$979k
Blend (final)
Blend
$840k
Owner & transaction history
104 North Tejon LLC · 4 yrs held
104 North Tejon LLC
since 2021
Last sale
$850,000
4 recorded transactions
Zoning & alternative use
FBZ-T1 CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+83.1%
Neighborhood: shopping center
$910,000
+26.8%
Office building
$850,000
+18.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colorado Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colorado Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$805,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
RETAIL STORES
$715,000
Current use
COMMERCIAL (GENERAL)
$1,310,000
Change: +83% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$910,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$850,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$840,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$820,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $850k (Jul 28 2021)
Last sale anchor
$850k
Jul 28 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$246 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,166
Tax year 2023
Assessed value
$193,370
Assessed 2023
Previous assessed
$193,370
+0.0% YoY
Effective rate
6.29%
On assessed value
Assessed land
$32,940
Assessed improvement
$160,430
Land market value
$118,050
Improvement market value
$575,029
Total market value
$693,079
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
3,410 SF
Lot
0.04 ac (1,574 SF)
Zoning code
FBZ-T1 CU
APN
6418210033
UPID
US13-0026136
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-T1 CU · Colorado Springs, CO
Zoning FBZ-T1 CU · permitted uses
FBZ-T1 CU · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$910,000
OFFICE BUILDING
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$840,000
MEDICAL BUILDING
Est. value
$820,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
104 North Tejon LLC
Entity
Mailing address
775 W BIJOU ST, COLORADO SPRINGS, CO 80905-1314
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2021
$850,000
104 North Tejon LLC
Lynx Ventures LLC
Special Warranty Deed
$840,000 · The Stockmens Bank
Oct 10, 2013
—
Lynx Ventures LLC
B Street LLC
Warranty Deed
—
Oct 4, 2005
$958,500
B Street LLC
Gillespie,ty & Helen
Warranty Deed
—
Mar 17, 2004
$820,000
Ty Gillespie
Daniels Lofts LLC
Grant Deed
$470,000 · Intermountain Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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