28 Tejon St Colorado Springs, CO 80903-1508
Bars & Pubs
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Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
For Lease
1 / 28
Contact for pricing
28 Tejon St, Colorado Springs, CO 80903-1508
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Estimated value (blended)
$400k
Range $360k – $440k (±10%)
Property ID
US13-2373031
Property summary
AI-generated overview
This exceptional restaurant space, totaling 2,327 square feet, is available for lease in the vibrant downtown Colorado Springs area, at 28 S Tejon St, zip code 80903. Located in El Paso County, Colorado, this retail space sits on a 0.11-acre lot within a larger building of 14,868 square feet. The space is immediately available and features a fully equipped kitchen including a shared 1,500-gallon grease interceptor and hoods (approximately one 15-foot hood and one dishwasher hood). A 5-ton HVAC system is in good operating condition, and the space boasts a 200-amp, 3-phase electrical panel. The attractive interior includes a beautiful curved wood bar with pendant lighting and a brick wall accent. Separate men's and women's restrooms are conveniently located within the space. This is a fantastic opportunity for a restaurant operator seeking a move-in ready space in a high-traffic downtown location. The minimum divisible space is 2,327 square feet, and the maximum contiguous space available is also 2,327 square feet. This space is adjacent to the award-winning Urban Egg restaurant.
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,810 SF
Lot
0.05 ac (2,250 SF)
Zoning code
FBZ-CEN
APN
6418214015
UPID
US13-2373031
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bicycle Rack
-
Loan Service
-
Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$285k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$400k
Owner & transaction history
since 2025
7 recorded transactions
Zoning & alternative use
FBZ-CEN · Colorado Springs, CO
Zoning description
$1e
General category
UNKNOWN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$400k
Value range
$360k – $440k
±10% around blend
Estimated value / SF
$142 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
40
$360k
blend $400k
$440k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,810 SF
Lot area
0.05 ac
Year built
1952
Stories
2
APN
6418214015
Assessed value
$140,050
Annual tax
$8,531
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.50M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.1 mi away · 2,058 SF
5.3 mi away · 3,331 SF
15.2 mi away · 2,452 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$400k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 97 sales
$438
-67%
County 115 sales
$425
-67%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $142/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$140k
Move the market yield to see immediate price impact.
Value / SF
$50
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$9k
$176k
$126k
$98k
$10k
$196k
$140k
$109k
$11k
$216k
$154k
$120k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$540k
0.1 mi · Sep 2025 · $262/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,531
Tax year 2023
Assessed value
$140,050
Assessed 2023
Previous assessed
$140,050
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$26,180
Assessed improvement
$113,870
Land market value
$93,825
Improvement market value
$408,153
Total market value
$501,978
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bars & Pubs
Use group
BAR, TAVERN
Status
For Lease
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
2,810 SF
Lot
0.05 ac (2,250 SF)
Zoning code
FBZ-CEN
APN
6418214015
UPID
US13-2373031
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-CEN · Colorado Springs, COZoning FBZ-CEN · permitted uses
FBZ-CEN · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
$1e
General category
UNKNOWN
Building & site characteristics
From public records
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
FBZ-CEN
UNKNOWN
Jurisdiction
Colorado Springs, CO
Recorded code
FBZ-CEN
Official district
FBZ-CEN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for FBZ-CEN in Colorado Springs, CO.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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