721 Tejon St Colorado Springs, CO 80903-1095
Entity Owned
~
Est. High Equity
Estimated value (blended)
$305k
Range $275k – $336k (±10%)
Property ID
US13-2787878
Property summary
AI-generated overview
This exceptional executive office building, located at 721 N Tejon St in Colorado Springs, CO 80903, presents a compelling investment opportunity. The property boasts a total of 8,052 square feet across three levels: a main level of 2,757 square feet, an upper level of 2,642 square feet, and a garden level of 2,653 square feet. Built in 1982, this Class C building sits on a 0.29-acre lot (12,721 square feet) and is zoned FBZ-T2A. The net rentable area is 5,304 square feet, with an asking price of $1,050,000, resulting in a price per square foot of $130.40. The property's assessed value is reflected in the estimated 2024 property taxes of $12,494.71. The property features one building with two stories and is identified by APN 64073-06-013. This presents a unique chance to acquire a well-situated office building in a thriving Colorado Springs location. The property's size and layout offer flexibility for various business needs. Serious inquiries are encouraged.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
WOOD FRAME
Total area
5,304 SF
Lot
0.29 ac (12,721 SF)
Zoning code
FBZ-T2A
APN
6407306013
UPID
US13-2787878
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
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Accounting Firm Tax Preparation
-
Accounting Firm Tax Preparation
-
Financial Advisor
-
Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$305k
Owner & transaction history
since 2025
Last sale
$850,000
4 recorded transactions
Zoning & alternative use
FBZ-T2A · Colorado Springs, CO
Zoning description
$21
General category
UNKNOWN
Top alternative use upside
Neighborhood: shopping center
$1.4M
+6.9%
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 6 comparables with addresses
5 alternative uses screened
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
$305k
Value range
$275k – $336k
±10% around blend
Estimated value / SF
$58 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
60
$275k
blend $305k
$336k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,304 SF
Lot area
0.29 ac
Year built
1982
Stories
2
APN
6407306013
Assessed value
$217,350
Annual tax
$12,495
3
Income approach: direct capitalization
Partial preview
Income approach indication
$855k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$930k
@ 6.5% CAP return
$855k
@ 7% CAP return
$795k
4
Sales comparison
Partial preview
Sales approach indication
$1.28M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.1 mi away · 3,903 SF
2.6 mi away · 4,500 SF
4.7 mi away · 6,383 SF
5.4 mi away · 5,099 SF
5.7 mi away · 5,232 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$305k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 59 sales
$249
-77%
Submarket 352 sales
$214
-73%
County 374 sales
$217
-73%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $58/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+7%
vs current-use indication
Office Building · current use
Auto Repair, Garage
Medical Building
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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 · 6 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$850k
Move the market yield to see immediate price impact.
Value / SF
$160
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%
$54k
$1.07M
$765k
$595k
$60k
$1.19M
$850k
$661k
$65k
$1.31M
$935k
$727k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$1.23M
0.5 mi · May 2026 · $260/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,495
Tax year 2023
Assessed value
$217,350
Assessed 2023
Previous assessed
$217,350
+0.0% YoY
Effective rate
5.75%
On assessed value
Assessed land
$53,950
Assessed improvement
$163,400
Land market value
$193,359
Improvement market value
$585,671
Total market value
$779,030
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
5,304 SF
Lot
0.29 ac (12,721 SF)
Zoning code
FBZ-T2A
APN
6407306013
UPID
US13-2787878
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
Zoning description
$21
General category
UNKNOWN
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.29 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-T2A
UNKNOWN
Jurisdiction
Colorado Springs, CO
Recorded code
FBZ-T2A
Official district
FBZ-T2A
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for FBZ-T2A 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.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
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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