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Property profile & analytics
OFF-MARKET Estimated value $1,000,000
Banks

402 Tejon St Colorado Springs, CO 80903-1142

21,301 SF 1.09 ac lot Built 1978
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US13-0669380
Property summary
AI-generated overview

This exceptional 5,050 square foot retail space, located at 402 S. Tejon Street in Colorado Springs, Colorado, presents a unique investment opportunity. Situated within an eight-story, dual-branded Marriott hotel, this property offers unparalleled visibility and access to a substantial customer base. The entire space is currently vacant, providing a blank canvas for a discerning tenant. The building boasts a total of 216 parking spaces, ensuring ample convenience for patrons. The property's classification as "Restaurant/Hotel" within the retail sector suggests a high potential for businesses catering to hotel guests and the surrounding community. Located in El Paso County, with a zip code of 80903, this property benefits from a prime location in Colorado Springs. The substantial square footage allows for a variety of uses, from a large-scale restaurant to a multi-faceted retail operation. The existing infrastructure within the Marriott hotel complex offers significant advantages, including established utilities and potentially shared services. This is a rare chance to secure a significant retail presence in a high-traffic area, directly connected to a well-known and reputable hotel brand. The property's size and location make it ideal for a variety of businesses seeking a prominent and accessible location in a thriving Colorado Springs market. This is a turnkey opportunity for a business looking to establish a strong foothold in a desirable area.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 21,301 SF
Lot 1.09 ac (47,480 SF)
Zoning code FBZ-T2A
APN 6407319011
UPID US13-0669380
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
  • Dr. Sean M Bradley MD FAAP Pediatrician Medical Clinic
  • Rachel Styles Hair Hair Salon
  • Lumen8 Rooftop Social Restaurant
  • SemaConnect Charging Station Electric Vehicle Charging Station
  • SpringHill Suites Colorado Springs Downtown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.00M
Owner & transaction history
Cs Dual Hotel LLC · 3 yrs held
Cs Dual Hotel LLC
since 2023
2 recorded transactions
2023
Price N/A
2021
Price N/A
Zoning & alternative use
FBZ-T2A · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

$21

Zone name Form Based Transition Sector 2 A
General category UNKNOWN
Zone area 57.04 ac
Source Realmo
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