Renovated Flex Property with Four Units

695 Billings St Aurora, CO 80011

Claim this Listing
For Sale
$1,699,000

Recently renovated flex building offers demised office/warehouse space, tall ceilings, a mezzanine, and 24 parking spaces.

Type:Industrial
Property size:
9,200 SF
Price / SF:
$184/SF
Added:
Jun 25, 2026
Days on Market:
17
Last Refresh:
Jun 27 at 3:45 am

Property Features for 695 Billings St

General Information

Standard status
Active
Size
9,200 SF
Property subtype
Industrial

Building Details

Year Built
2002

Listing office Unique Properties, Inc.

Listing date Jun 25, 2026

Source Uniqueprop

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Unique Properties, Inc.


Investment Insights

Based on property information with market context.

This renovated flex property totals 9,200 square feet and is currently demised into four separate units. The office areas were recently updated with new lighting, carpet, paint, and HVAC. Warehouse space features tall ceilings with approximately 22' 4" clear height, along with a usable mezzanine area with 13' tall ceilings. LED lighting is in place throughout, and the building includes 240 outlets in some units. Electrical service is described as 3 phase, to be verified, supporting flexible power needs.

The property is located at 695 Billings Street in Aurora, Colorado, with easy access to Interstate 225. The offering notes pride of ownership from local owners and emphasizes convenient site access with 24 parking spaces.

The layout and improvements support a qualified user or investor seeking flexibility between office and warehouse functions, particularly where on-site power and storage space are important. With approximately 52% of the building available, the configuration can be attractive for an owner-occupant looking to qualify for an SBA loan while maintaining the option to use the remaining space as future occupancy or income.

Key Highlights

  • 9,200 SF flex property built in 2002 with demised space into 4 separate units
  • Recently renovated office areas with new lighting, carpet, paint, and HVAC
  • Ceilings include tall office space plus 13' tall ceilings in the mezzanine

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $202.0k $21.96
− Vacancy −$48.5k −$5.27
EGI $153.5k $16.69
− OpEx −$38.4k −$4.17
NOI $115.2k $12.52
9,200 SF · lease $21.96/SF/yr · vacancy 24.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.65M
$1.44M – $1.92M (±1% cap)
NOI $115,158 @ 7.0% cap · market cap 6.78%
Second Best
Warehouse
$1.27M
$1.11M – $1.49M (±1% cap)
NOI $89,116 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M (±1% cap)
NOI $148,532 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Law Firm Building Supply HVAC Service Big Box & Wholesale Store Skin Care Clinic Pharmacy Dental Office Gym & Fitness Center Furniture & Home Goods

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - Recently renovated flex building offers demised office/warehouse space, tall ceilings, a mezzanine, and 24 parking spaces.
Where is this flex space located?
The property is located at 695 Billings St Aurora, CO.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 9,200 SF flex property built in 2002 with demised space into 4 separate units; Recently renovated office areas with new lighting, carpet, paint, and HVAC; Ceilings include tall office space plus 13' tall ceilings in the mezzanine
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