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Property profile & analytics
FOR SALE
Office buildings
612 N Tejon St Colorado Springs, CO 80903
Individually Owned
28-yr Hold
Free & Clear
Property ID
US13-0642066
For Sale
1 / 15
Contact for pricing
612 N Tejon St, Colorado Springs, CO 80903
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Property summary
AI-generated overview
This two-story, 5,000 square foot office building, constructed in 1979, offers a blend of traditional and creative office space. Located in El Paso County's Greater Central Business District, this property boasts a highly desirable address just one block south of Colorado College and the new Robson Arena, ensuring excellent visibility and street appeal. The building features three suites in total, with one 1,170 square foot space currently available for lease. Extensive interior and exterior upgrades have been implemented, maximizing natural light through the extensive use of glass and upgraded lighting fixtures. The property benefits from convenient on-site parking and prominent on-building signage opportunities. Its prime location offers easy access to a variety of amenities, including nearby banks, retail establishments, and restaurants. The building is zoned FBZ-T2A. This is an exceptional opportunity for businesses seeking a well-maintained, centrally located office space with strong curb appeal and modern features.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,000 SF
Lot
0.11 ac (4,750 SF)
Zoning code
FBZ-T2A
APN
6407308021
UPID
US13-0642066
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
-
State Farm: Dan Lewis Downtown Insurance Agency
-
Graffiti Helpline City Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$840k
Owner & transaction history
Leslie Thomas · 28 yrs held
Leslie Thomas
since 1997
1 recorded transaction
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
Top alternative use upside
Neighborhood: shopping center
$1.3M
+6.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colorado Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colorado Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,245,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,335,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,230,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$1,205,000
Change: -4% · Conversion: Easy
RETAIL STORES
$1,050,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$840k
Range $756k – $924k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$168 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$284,470
Assessed 2023
Previous assessed
$284,470
+0.0% YoY
Assessed land
$20,140
Assessed improvement
$264,330
Land market value
$72,200
Improvement market value
$947,425
Total market value
$1,019,625
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
5,000 SF
Lot
0.11 ac (4,750 SF)
Zoning code
FBZ-T2A
APN
6407308021
UPID
US13-0642066
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-T2A · Colorado Springs, COZoning FBZ-T2A · permitted uses
FBZ-T2A · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
$21
Zone name
Form Based Transition Sector 2 A
General category
UNKNOWN
Zone area
57.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Leslie Thomas
Individual
Free & Clear · 28 yrs held
Mailing address
612 N TEJON ST, COLORADO SPRINGS, CO 80903-1010
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 1997
—
Leslie Thomas
Thomas,parry
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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