409 N Tejon St Colorado Springs, CO 80903
- Office buildings
- 6,692 SF
- 0.22 lot acres
Current Use by Public Records
- James Whitlock American Family Insurance / Insurance Agency
- Maven Design Studio / Marketing & Advertising / (Bike/Boat/Book/etc) Store
- SmallWerks, Inc. / Advertising Agency / Marketing & Advertising
- PPC Solar / Production Facility
Property Details for 409 N Tejon St
- Year built
- 1979
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.22 lot acres
- Property size
- 6,692 SF
- Zone code
- FBZ-T2A
- Property type
- Office buildings
- APN
- 6407318008
- APU
- 6407318008
Description
This exceptional 1,000 square foot office space is located at 409 N Tejon Street, #111, in the vibrant heart of Colorado Springs, CO 80903. Situated within a larger 6,500 square foot building, this single-tenant space offers a contemporary ground-floor layout perfect for a variety of businesses. The unit boasts modern features and benefits from access to shared amenities, including a well-equipped kitchenette and a convenient conference room. Adding to its appeal, the lease includes the use of two secure parking spaces located behind the building, providing convenient and safe parking for occupants. The building itself is a traditional office building, ensuring a professional and established presence. Currently, 2,500 square feet of space is available for lease within the building, presenting an opportunity for expansion or collaboration. This prime location on Tejon Street offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent address in Colorado Springs. The property's central location provides easy access to a variety of amenities, including restaurants, shops, and public transportation. This is a rare opportunity to secure a well-appointed office space in a highly desirable location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,170,000
- 6.5%
- $1,080,000
- 7%
- $1,005,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,383,000
- AI Estimate
- $731,000
Market price range: $1.12M - $2.42MMarket price range: $242k - $1.40M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,670,000 Current use
- AUTO REPAIR, GARAGE
- $1,645,000 Change: -1% Conversion: Difficult
- MEDICAL BUILDING
- $1,610,000 Change: -4% Conversion: Easy
- RETAIL STORES
- $1,405,000 Change: -16% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.823
- Latitude
- 38.84
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA