409 Tejon StColorado Springs, CO 80903

Property Details for 409 Tejon St

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,463,769

  6.5%

  $1,351,172

  7%

  $1,254,659

• Comparable approach

  Method

  Valuation

  Relative Method

  $552,893

  Geo Method

  $552,893

• Alternative Use

  Use

  Valuation

  Residential

  $1,675,453

  Hospitality

  $1,534,706

  Educational

  $1,276,857

  Medical

  $1,320,770

  Retail

  $1,986,222

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.84

Longitude

-104.823

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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