612 Tejon StColorado Springs, CO 80903

Property Details for 612 Tejon St

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

5,000 SF

Zone code

FBZ-T2A

Property type

Office buildings

APN

6407308021

APU

6407308021

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,093,671

  6.5%

  $1,009,542

  7%

  $937,432

• Comparable approach

  Method

  Valuation

  Relative Method

  $413,100

  Geo Method

  $413,100

• Alternative Use

  Use

  Valuation

  Residential

  $1,251,833

  Hospitality

  $1,146,672

  Educational

  $954,018

  Medical

  $986,828

  Retail

  $1,484,027

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.843

Longitude

-104.823

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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