diff --git a/packages/calcite-components/src/demos/_assets/demo-theme.ts b/packages/calcite-components/src/demos/_assets/demo-theme.ts
new file mode 100644
index 00000000000..55c02899401
--- /dev/null
+++ b/packages/calcite-components/src/demos/_assets/demo-theme.ts
@@ -0,0 +1,112 @@
+/**
+ *
+ * Sets the value of a CSS variable to a test value.
+ * This is useful for testing themed components.
+ *
+ * @param token - the token as a CSS variable
+ * @returns string - the new value for the token
+ */
+export function getTokenValue(token: string): string {
+  const tokenValueMap = {
+    background$: "rgb(252, 244, 52)",
+    "text-color$": "rgb(239,118,39)",
+    "border-color$": "rgb(156, 89, 209)",
+    "background-color$": "rgb(44, 44, 44)",
+    color$: "rgb(0, 191, 255)",
+    highlighted$: "rgb(255, 105, 180)",
+    selected$: "rgb(255, 255, 255)",
+    shadow$:
+      "rgb(255, 255, 255) 0px 0px 0px 4px, rgb(255, 105, 180) 0px 0px 0px 5px inset, rgb(0, 191, 255) 0px 0px 0px 9px",
+    "z-index$": "42",
+    "(size|space)$": "42px",
+  } as const;
+
+  const match = Object.entries(tokenValueMap).find(([regexStr]) => {
+    return new RegExp(regexStr, "g").test(token);
+  });
+
+  if (!match) {
+    console.warn("token not found in tokenValueMap", token);
+    return tokenValueMap["color$"];
+  }
+
+  return match[1];
+}
+
+/*
+ * @prop tokens - an array of CSS variables
+ * @returns a string of CSS variables with their new values.
+ */
+export function setCSSVariables(tokens: string[]): string {
+  return tokens
+    .map((token) => {
+      return `${token}: ${getTokenValue(token)};`;
+    })
+    .join("\n");
+}
+
+/**
+ *
+ * @example
+ * <demo-theme tokens="
+ *     --calcite-button-background-color,
+ *     --calcite-button-border-color,
+ *     --calcite-button-corner-radius,
+ *     --calcite-button-corner-radius-start-start,
+ *     --calcite-button-corner-radius-start-end,
+ *     --calcite-button-corner-radius-end-start,
+ *     --calcite-button-corner-radius-end-end,
+ *     --calcite-button-loader-color,
+ *     --calcite-button-shadow,
+ *     --calcite-button-text-color,
+ *     --calcite-button-icon-color"
+ * ><calcite-button kind="inverse" scale="l"> Button </calcite-button></demo-theme>
+ */
+export class DemoTheme extends HTMLElement {
+  _slot: HTMLSlotElement;
+
+  _el: HTMLElement;
+
+  static observedAttributes = ["tokens"];
+
+  constructor() {
+    super();
+    const shadow = this.attachShadow({ mode: "open" });
+    const slot = document.createElement("slot");
+    shadow.append(slot);
+    this._slot = slot;
+    if (this._slot.assignedNodes().length === 1 && this._slot.assignedNodes()[0].nodeName.includes("calcite")) {
+      this._el = this._slot.assignedNodes()[0] as HTMLElement;
+    }
+  }
+
+  attributeChangedCallback(name: string, oldValue: string, newValue: string): void {
+    if (newValue !== oldValue && name === "tokens") {
+      this.updateTheme(newValue);
+    }
+  }
+
+  updateTheme(newValue: string): void {
+    if (typeof newValue === "string") {
+      let tokensList;
+
+      try {
+        tokensList = JSON.parse(newValue);
+      } catch (error) {
+        tokensList = newValue.split(",").map((t) => t.trim());
+      }
+
+      if (Array.isArray(tokensList)) {
+        const stringifiedTheme = setCSSVariables(tokensList);
+
+        if (this._el) {
+          this._el.style.cssText = stringifiedTheme;
+        } else {
+          this.setAttribute("style", stringifiedTheme);
+        }
+      }
+    }
+  }
+}
+
+customElements.define("demo-theme", DemoTheme);
diff --git a/packages/calcite-components/src/demos/_assets/head.ts b/packages/calcite-components/src/demos/_assets/head.ts
index eeda4a8ab55..b82226531b6 100644
--- a/packages/calcite-components/src/demos/_assets/head.ts
+++ b/packages/calcite-components/src/demos/_assets/head.ts
@@ -18,6 +18,10 @@
     {
       src: "demos/_assets/demo-dom-swapper.js",
     },
+    {
+      src: "demos/_assets/demo-theme.js",
+      type: "module",
+    },
   ];
 
   const parseTemplate = (text: string): HTMLTemplateElement | null => {
diff --git a/packages/calcite-components/src/tests/commonTests/themed.ts b/packages/calcite-components/src/tests/commonTests/themed.ts
index 00524d01382..363577eb8f4 100644
--- a/packages/calcite-components/src/tests/commonTests/themed.ts
+++ b/packages/calcite-components/src/tests/commonTests/themed.ts
@@ -2,6 +2,7 @@ import { E2EElement, E2EPage } from "@stencil/core/testing";
 import { toHaveNoViolations } from "jest-axe";
 import { ElementHandle } from "puppeteer";
 import type { RequireExactlyOne } from "type-fest";
+import { getTokenValue } from "../utils/cssTokenValues";
 import type { ComponentTestSetup } from "./interfaces";
 import { getTagAndPage } from "./utils";
 
@@ -101,7 +102,7 @@ export function themed(componentTestSetup: ComponentTestSetup, tokens: Component
 
       // Set test values for each token
       if (!setTokens[token]) {
-        setTokens[token] = assignTestTokenThemeValues(token);
+        setTokens[token] = getTokenValue(token);
       }
 
       // Set up styleTargets and testTargets
@@ -426,21 +427,3 @@ async function assertThemedProps(page: E2EPage, options: TestTarget): Promise<vo
 function getStyleString(token: string, prop: string, value: string): string {
   return `[${token}:${prop}] ${value}`;
 }
-
-/**
- *
- * Sets the value of a CSS variable to a test value.
- * This is useful for testing themed components.
- *
- * @param token - the token as a CSS variable
- * @returns string - the new value for the token
- */
-function assignTestTokenThemeValues(token: string): string {
-  const legacyBackgroundColorToken = token.endsWith("-background");
-
-  return token.includes("color") || legacyBackgroundColorToken
-    ? "rgb(0, 191, 255)"
-    : token.includes("shadow")
-      ? "rgb(255, 255, 255) 0px 0px 0px 4px, rgb(255, 105, 180) 0px 0px 0px 5px inset, rgb(0, 191, 255) 0px 0px 0px 9px"
-      : `42${token.includes("z-index") ? "" : "px"}`;
-}
diff --git a/packages/calcite-components/src/tests/utils/cssTokenValues.ts b/packages/calcite-components/src/tests/utils/cssTokenValues.ts
new file mode 100644
index 00000000000..e5e34dd3ad2
--- /dev/null
+++ b/packages/calcite-components/src/tests/utils/cssTokenValues.ts
@@ -0,0 +1,47 @@
+/**
+ *
+ * Sets the value of a CSS variable to a test value.
+ * This is useful for testing themed components.
+ *
+ * @param token - the token as a CSS variable
+ * @returns string - the new value for the token
+ */
+export function getTokenValue(token: string): string {
+  const tokenValueMap = {
+    background$: "rgb(252, 244, 52)",
+    "text-color$": "rgb(239,118,39)",
+    "border-color$": "rgb(156, 89, 209)",
+    "background-color$": "rgb(44, 44, 44)",
+    color$: "rgb(0, 191, 255)",
+    highlighted$: "rgb(255, 105, 180)",
+    selected$: "rgb(255, 255, 255)",
+    shadow$:
+      "rgb(255, 255, 255) 0px 0px 0px 4px, rgb(255, 105, 180) 0px 0px 0px 5px inset, rgb(0, 191, 255) 0px 0px 0px 9px",
+    "z-index$": "42",
+    "(size|space)$": "42px",
+  } as const;
+
+  const match = Object.entries(tokenValueMap).find(([regexStr]) => {
+    return new RegExp(regexStr, "g").test(token);
+  });
+
+  if (!match) {
+    console.warn("token not found in tokenValueMap", token);
+    return tokenValueMap["color$"];
+  }
+
+  return match[1];
+}
+
+/**
+ *
+ * @param tokens - an array of CSS variables
+ * @returns a string of CSS variables with their new values.
+ */
+export function setCSSVariables(tokens: string[]): string {
+  return tokens
+    .map((token) => {
+      return `${token}: ${getTokenValue(token)};`;
+    })
+    .join("\n");
+}