19 S Tejon St Colorado Springs, CO 80903
Property profile & analytics
19 S Tejon St Colorado Springs, CO 80903
- Office buildings
- 39,971 SF
- 0.33 lot acres
Property ID
US13-0033227
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.
Location Intelligence
Current Use by Public Records
- Brad A. Marten, PsyD / Physician / Medical Clinic
- Peoples Bank / Bank / Loan Service
- Springs Justice Center / Law Firm
- Paramount Residential Mortgage Group, Inc. / Loan Service / Bank
- Firebird Chicken Sandwiches / Restaurant
Property Details for 19 S Tejon St
- Year built
- 1956
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.33 lot acres
- Property size
- 39,971 SF
- Zone code
- FBZ-CEN
- Property type
- Office buildings
- APN
- 6418215004
- APU
- 6418215004
Description
Nineteen North, located at 19 N. Tejon Street in the heart of downtown Colorado Springs, CO 80903, presents a unique investment opportunity. This three-story building, totaling 44,550 square feet with 38,199 square feet of net rentable space, underwent a complete renovation in 2020. The property offers a diverse range of uses, encompassing retail, office, and executive office spaces, making it ideal for a variety of businesses. The building's versatility is further enhanced by nine available food vendor locations, perfect for creating a vibrant and bustling atmosphere. A significant draw is the inclusion of a brand new Motorcycle Museum showcasing over 30 classic motorcycles, adding a unique and attractive element to the property. This triple-net (NNN) lease opportunity is situated in El Paso County and provides exceptional visibility and accessibility within Colorado Springs' thriving downtown area. The building's modern design and prime location combine to create a highly desirable commercial space. This is an exceptional chance to acquire a fully renovated, multi-use property in a dynamic and growing urban center. The property's diverse offerings and strategic location make it an attractive investment for both long-term growth and immediate income generation.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,995,000
- 6.5%
- $6,455,000
- 7%
- $5,995,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $8,158,000
- AI Estimate
- $4,315,000
Market price range: $6.69M - $14.4MMarket price range: $1.45M - $8.34M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $9,965,000 Current use
- AUTO REPAIR, GARAGE
- $9,840,000 Change: -1% Conversion: Difficult
- MEDICAL BUILDING
- $9,615,000 Change: -4% Conversion: Easy
- RETAIL STORES
- $8,400,000 Change: -16% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.823
- Latitude
- 38.8347
- 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
$101,213
$165,790
$1,404,760
$1,570,550
-
$594,225
$5,034,999
$5,629,224
