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    Renovated Flex Property with Four Units Title is generated by Realmo AI

    695 Billings St, Aurora, CO 80011

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    Claim this Listing
    New
    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:
    3
    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

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    Marc S. Lippitt
    Marc S. Lippitt

    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.

    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
    • Useable mezzanine space and LED lighting throughout
    • 24 parking spaces and tall ceilings with 22' 4" clear height
    • 3‑phase power (to be verified) with 240 outlets in some units

    Overview

    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.

    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.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.781
    Latitude
    39.7351

    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
    More about this property
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