Renovated Flex Property with Four
695 Billings St, Aurora, CO 80011
For Sale
$1,699,000
Recently renovated flex building offers demised office/warehouse space, tall ceilings, a mezzanine, and 24 parking spaces.
Property Size9,200 SF
Price / SF$184.67
Days on Market140
Property Features for 695 Billings St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Warehouse & Industrial
Clear Height
Heavy Power
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
UNIQUE PROPERTIES LLC
Listed By:
Justin N. Herman · License CO FA.100041438
(610) 836-2156
Source:
Uniqueprop
Added: Jun 25
Changed: Oct 25
Last Checked: Nov 10 at 6:03AM
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 LLC
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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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,158
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,303,160
$2.3M
Cap Rate 7%
$1,645,114
$1.6M
Cap Rate 9%
$1,279,533
$1.3M
Market Conditions
NOI Build-Up for 9,200 SF
Gross rent
$202.0K $21.96/SF
− Vacancy
−$48.5K −$5.27/SF
EGI
$153.5K $16.69/SF
− OpEx
−$38.4K −$4.17/SF
NOI
$115.2K $12.52/SF
Area
ZIP 80011
Vacancy
24.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,303,160
Cap Rate 7%
$1,645,114
Cap Rate 9%
$1,279,533
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.92M
NOI $115,158 @ 7.0% cap · market cap 6.78%
Second Best
Industrial
$1.04M
$910.4K – $1.21M
NOI $72,833 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,532 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
22 ft
Clear height
48%
Occupancy
Multi-tenant
Tenancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80011, CO
54,254
Population
19,108
Households
2.8
Avg Household Size
32
Median Age
19%
College-Educated
76%
High-School Grad
20.4 sq mi
ZIP Area
2,660
Density / Sq Mi
$69,719
Median Household Income
$36,853
Median Earnings
$1,607
Median Rent
$367,200
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Aurora, CO
Properties on Market for Flex space in Aurora
Vacancy Rate% for Office in West region
Frequently Asked Questions
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
