118 Tejon StColorado Springs, CO 80903

Property Details for 118 Tejon St

Year built

1936

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.24 AC

Property size (Sq ft)

26,371 SF

Zone code

FBZ-T1

Property type

Office properties

Property subtype

Office buildings

APN

6418210010

APU

6418210010

Description

This charming, historic office building, the DeGraff Building, offers 1,928 square feet of immediately available space in a prime downtown Colorado Springs location. The building's total area encompasses 26,371 square feet, currently configured for multiple tenants. The available suite presents a fantastic opportunity for businesses seeking a prestigious address within walking distance of numerous amenities. Enjoy the convenience of nearby YMCA facilities, a diverse selection of restaurants and shops, inviting coffee houses, and a readily accessible public parking garage. The property is zoned FBZ-T1 and its address is 118 N Tejon St, Colorado Springs, CO 80903. The El Paso County Assessor's Parcel Number (APN) is 6418210010. This traditional office space is ideal for businesses seeking a blend of historical charm and modern convenience in the heart of Colorado Springs. The building's classic architecture and central location provide an unparalleled opportunity to establish a strong presence in a thriving downtown area. The available space is ready for immediate occupancy. Serious inquiries are encouraged to explore this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $5,768,240

  6.5%

  $5,324,529

  7%

  $4,944,206

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,178,772

  Geo Method

  $2,178,772

• Alternative Use

  Use

  Valuation

  Residential

  $6,602,416

  Hospitality

  $6,047,778

  Educational

  $5,031,680

  Medical

  $5,204,727

  Retail

  $7,827,058

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.836

Longitude

-104.824

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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