What Tebo Properties does

Tebo Properties is a privately held commercial real estate ownership, development, and management firm headquartered in Boulder, Colorado. Founded by Stephen Tebo in 1968 (originally as Tebo Coin, a coin shop that became the largest U.S. distributor of display cases by 1972), the company evolved into commercial real estate when Tebo built Tebo Square in 1972 and began leasing excess space to other tenants. It has since grown into one of the largest commercial property owners in Boulder County, currently operating a portfolio of more than 250 properties encompassing over 4 million square feet of office, retail, industrial, flex, restaurant, parking, and limited residential space, and serving more than 900 commercial tenants across Boulder, Denver, Erie, Lafayette, Longmont, Louisville, Nederland, and Commerce City.

The company generates revenue through long-term commercial property leasing, with rates quoted primarily on a per-square-foot basis plus triple-net (NNN) expense pass-throughs. Published pricing spans approximately $7.00-$17.50/SF for industrial/flex, $13.00-$42.50/SF for office, $12.00-$42.50/SF for retail, and $12.50-$35.00/SF for restaurant space, with selected assets offered at fixed monthly rates (e.g., $12,500/month for the 809 Main Street restaurant) and parking at $165-$200/month. Supporting products include build-to-suit development, ground leases, and pad sites, all operated internally to capture margin otherwise paid to brokers and third-party contractors. The GTM motion is direct and in-house: an internal leasing team handles all transactions, with properties marketed through a searchable company website (browseable by location and asset type, with downloadable brochures), a Facebook presence, and direct phone/email contact.

Tebo's tenant base mixes national chains (REI, Marshalls, Best Buy, KeyBank, Dairy Queen, Texas Roadhouse, Haagen-Dazs, Cost Plus World Market, Bed Bath & Beyond as a former tenant, Dollar Tree, Family Dollar) with regional and local businesses (Flatirons Bank, First National Bank, Citywide Bank, Anthony's Pizza, Blackjack Pizza, Rocky Mountain Chocolate Factory). Founder Stephen Tebo remains the owner; the leadership team includes a Director of Leasing (Shane Tebo), Operations Manager (Ben Myers), General Counsel (Mike Verhoogan), Associate General Counsel (Forest Kitzis), Controller (Han Yan), and a roster of property and project managers. The company is privately held with no disclosed institutional investors, funding rounds, M&A activity, or technology/AI platform initiatives; revenue and detailed financials are not publicly disclosed.

Name

Tebo Properties

Legal name

Tebo Properties

Website

https://teboproperties.com

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

11–50 employees

Short description

Tebo Properties is a privately held Boulder, Colorado-based commercial real estate owner, developer, and manager operating a 250+ property, 4+ million square foot portfolio across Boulder County, serving over 900 commercial tenants through in-house leasing, construction, and property management.

Ownership category

akta.pro rank

Headquarters

HQ city

Boulder

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Commercial Property Leasing: Tebo Properties generates revenue primarily through leasing office, retail, industrial, and warehouse space to commercial tenants. Pricing is typically quoted per square foot plus NNN (Triple Net) expenses, or as fixed monthly rates for certain spaces. They offer various lease types including standard commercial leases, build-to-suit arrangements, and ground leases.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Tebo Properties is a commercial real estate owner, developer, and manager that leases office, retail, industrial, restaurant, and flex space across Boulder County, Colorado. The company owns a portfolio of over 250 properties totaling more than 4 million square feet, serving over 900 commercial tenants through in-house leasing, property management, and build-to-suit development services.

Product overview

Tebo Properties operates as a diversified commercial real estate firm offering a unified portfolio of property leasing and development services. The core offering consists of an online property listings platform (https://teboproperties.com/properties/) displaying office, retail, industrial, and specialized spaces across Boulder County. Supporting the listings are specialized leasing sub-brands including Restaurant Space Leasing (with turnkey kitchen infrastructure), Flex Space (hybrid office/warehouse), and Pad Sites (for standalone builds). Add-on modules include Build-to-Suit Development, Ground Lease arrangements, Construction Project Management, and Property Management services. The company also offers Parking Services and limited Residential Rentals. All services are coordinated through their internal leasing and construction teams to serve over 900 commercial tenants across more than 250 properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Office Space Leasing Class A and Class B office space leasing across multiple Boulder County locations including Boulder, Louisville, and Longmont, priced from approximately $13.00/SF to $42.50/SF plus NNN expenses, or fixed monthly rates.
• Retail Space Leasing Retail space leasing for storefronts along high-traffic corridors including Pearl Street Mall and 28th Street in Boulder, priced from approximately $12.00/SF to $42.50/SF plus NNN expenses.
• Industrial/Warehouse Space Leasing Industrial and warehouse space leasing including flex buildings, manufacturing facilities, and distribution centers in Boulder County, priced from approximately $7.00/SF to $17.50/SF plus NNN expenses.
• Restaurant Space Leasing Specialized restaurant space leasing including turnkey spaces with kitchen infrastructure, grease traps, and outdoor patios, priced from $12.50/SF to $35.00/SF plus NNN expenses or fixed monthly rates (e.g., $12,500/month).
• Build-to-Suit Development Custom property development services where Tebo constructs buildings to tenant specifications on land they control, with rates quoted upon inquiry.
• Ground Lease Land lease arrangements allowing tenants to build on Tebo-owned land under long-term agreements, with rates quoted upon inquiry.
• Pad Sites Ready-to-build pad sites for standalone buildings such as banks, drive-through restaurants, and quick-service retail.
• Flex Space Leasing Hybrid office/warehouse spaces combining retail, office, and light industrial uses in single units.
• Parking Services Downtown Boulder parking space rentals at multiple locations including 11th & Spruce, 1125 Walnut, and 10th & Walnut, priced at $165-$200/month.
• Residential Rentals Mountain-style apartment and cabin rentals near Boulder Creek and mountain locations in Nederland, priced at $2,150/month plus utilities.
• Property Management Services On-site property management and maintenance services for all Tebo-owned properties, including responsive upkeep and tenant relations.

Quantifiable outcome

• Over 900 commercial tenants served across the portfolio
• +2 more outcomes

Named customers24 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• CBRE Group: Global commercial real estate services and investment firm covering leasing, property management, development, and capital markets. Comparable as a competing platform for tenant relationships and institutional landlord services in Boulder/Denver.
• Federal Realty Investment Trust: Retail-focused REIT specializing in high-quality, high-barrier-to-entry mixed-use and street retail destinations. Comparable to Tebo's Pearl Street / 28th Street retail strategy and philosophy of owning irreplaceable, premium retail locations.
• Colliers International: Global commercial real estate services and investment management firm operating across leasing, capital markets, and property management. Comparable as a competing services platform that increasingly competes with integrated owner/operators like Tebo for tenant mindshare.
• Newmark Group: Full-service commercial real estate advisory and services firm covering leasing, investment sales, and property management. Comparable as another competing institutional platform for landlord services and tenant relationships in Tebo's markets.
• Cushman & Wakefield: Global commercial real estate services firm with brokerage, property management, valuation, and project management. Comparable as a competing platform for both tenant representation and third-party landlord services in the Boulder/Denver market.
• JLL (Jones Lang LaSalle): Global real estate services and investment management company with leasing, property management, and capital markets capabilities. Competes with Tebo for national tenant site selection and provides the institutional landlord benchmark for service quality.
• Regency Centers: National grocery-anchored shopping center REIT that owns and operates high-quality retail centers. Comparable because a meaningful portion of Tebo's tenant base and rent stream comes from national retail tenants of the type Regency leases to.
• Trammell Crow Company: Major U.S. commercial real estate developer and investor with deep office, industrial, and mixed-use portfolios. Comparable as a large-scale CRE developer/owner operating across multiple property types, though at far greater scale and geographic breadth than Tebo.

Regional players

• McWhinney: Northern Colorado-based real estate developer and investor with mixed-use, office, retail, and industrial holdings across the Front Range. Most directly comparable to Tebo given shared Colorado geography, similar asset mix, and regional owner/developer profile.

Direct peers

• W.W. Reynolds Companies: Long-standing Boulder-based commercial real estate owner/developer of office, retail, and mixed-use properties. Highly comparable to Tebo in terms of local Boulder County concentration, founder/family ownership, and integrated development/management model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/teboproperties

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tebo Properties