206 N Tejon St Colorado Springs, CO 80903
Property profile & analytics
206 N Tejon St Colorado Springs, CO 80903
- Retail space
- 3,750 SF
- 0.11 lot acres
Property ID
US13-0362427
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
- Retail space
Property Details for 206 N Tejon St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.11 lot acres
- Property size
- 3,750 SF
- Zone code
- FBZ-T1
- Property type
- Retail space
- APN
- 6418207013
- APU
- 6418207013
Description
This exceptional restaurant space, located in downtown El Paso County, offers a unique opportunity for a discerning restaurateur. The property boasts a generous 3,750 square feet of space, perfectly suited for a variety of culinary concepts. The layout features a main floor of 3,750 square feet with dimensions of 25 feet wide by 150 feet long, providing ample room for dining, kitchen operations, and bar areas. A full basement is also included, offering additional storage or expansion potential. The high ceilings, measuring 14 feet, create a spacious and inviting atmosphere. The property was built in 1900, offering a blend of historical charm and modern functionality. A significant advantage is the convenient access to ample parking, with a 305-spot city parking garage located directly behind the property on Cascade Avenue, ensuring ease of access for patrons and staff. The lease rate is $38.00 per square foot, plus expenses. This prime location in the heart of downtown El Paso presents an unparalleled opportunity to establish or relocate a thriving restaurant business. The property's size, location, and parking make it an ideal investment for those seeking a high-traffic, easily accessible establishment. This is a rare chance to secure a well-positioned restaurant space in a vibrant and growing area.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $750,000
- 6.5%
- $695,000
- 7%
- $645,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $537,000
Market price range: $209k - $639k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $790,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,000,000 Change: +27% Conversion: Moderate
- OFFICE BUILDING
- $935,000 Change: +19% Conversion: Easy
- AUTO REPAIR, GARAGE
- $925,000 Change: +17% Conversion: Difficult
- MEDICAL BUILDING
- $900,000 Change: +14% Conversion: Difficult
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
- 38.837
- 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
$12,721
$46,050
$155,770
$201,820
-
$165,063
$558,321
$723,384
