Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Aurora Warehouse with Drive-In Loading Title is generated by Realmo AI

    695 Billings St, Aurora, CO 80011

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Warehouse space available for lease with drive-in loading.

    Type:Industrial
    Added:
    Sep 30, 2024
    Days on Market:
    594
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 695 Billings St

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Marc Lippitt

    Listing agent Marc Lippitt License #CO ER.000183921

    Listing office Unique Properties, Inc

    Listing date Sep 30, 2024

    Source Crexi

    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

    • Completely renovated by current ownership with new carpet, paint, and split system in office.
    • 12' x 14' drive‑in loading for each unit.
    • Approximately 22' 4" clear height in the center of the warehouse.
    • MU‑C zoning allows for a wide variety of uses.
    • First time available for lease in almost a decade.
    • Built in 2002.

    Overview

    The property at 695 Billings Street is available for lease. The property has been renovated by the current ownership with new carpet, paint, and a split system for the office. Each unit features 12' x 14' drive-in loading. The clear height in the center of the warehouse is approximately 22' 4". The MU-C zoning allows for a variety of uses.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    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.

    Similar Places Nearby

    • CubeSmart Self Storage — 14706 E 4th Ave, Aurora, CO 80011
    • Nearby Storage Units - Aurora, CO — 23 chambers rd, aurora, co 80011
    • Storage facility — 1014 Yuba St, Aurora, CO 80011
    • Max Storage Units — 560 Sable Blvd, Aurora, CO 80011

    Location Insight

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

    Nearby Similar for Lease

    • Sponsored
      $129-$3,012/Mo
      11-1,292 SF

      South Vaughn Way

      3190 Vaughn Way, Unit 550, Aurora, CO 80014
      View Details
    • $6,667/Mo
      1,000 SF

      Aurora Office/Warehouse Condos For Lease

      Five 1,000 SF office/warehouse condos for lease in Aurora.
      482 Laredo Street #A-E, Aurora, CO 80011
      View Details
    • $15 SF/Yr
      7,738 SF

      Freestanding Retail Building on Colfax

      High-traffic location suitable for retail, restaurant, or service uses.
      10204 E Colfax Ave, Aurora, CO 80010
      View Details
    • $22 SF/Yr
      1,750 SF

      Aurora Flex Industrial Units For Lease

      Five industrial-flex units available for lease near Airport Blvd.
      597 Olathe Street, Aurora, CO 80011
      View Details
    • $7 SF/Yr
      52,371 SF

      Aurora Office Warehouse Flex Space

      14,480 SF flex space suitable for various business operations.
      Aurora, CO 80017
      View Details
    • $15 SF/Yr
      7,738 SF

      Freestanding Retail Building on Colfax

      7,738 SF retail building on 0.43-acre lot for lease.
      10204 E Colfax Avenue, Aurora, CO 80010
      View Details
    • $41 SF/Yr
      2,349 SF

      Aurora Retail Space For Rent

      Mixed-use development near Anshutz Medical Center with existing restaurant infrastructure.
      13650 E. Colfax Ave, Ste. E, Aurora, CO 80111
      View Details
    • $12,500/Mo
      7,656 SF

      Former Restaurant Space Near Lightrail

      Restaurant space adjacent to apartments and near light rail station.
      14200 E Iliff Ave, Aurora, CO
      View Details
    • $10 SF/Yr
      2,746 SF

      Aurora Industrial Flex Space Sublease

      Functional flex space with office and warehouse areas available for sublease.
      3370 Peoria St, Aurora, CO
      View Details
    • $5,648/Mo
      5,648 SF

      Aurora Office Space For Rent

      Office space available near I-70 and Peoria Street.
      3370 Peoria St, Aurora, CO 80010
      View Details
    • Contact for pricing

      CO, Aurora - Iliff Ave

      14001 Iliff Ave, Aurora, CO 80014
      View Details
    • $2,440/Mo
      1,565 SF

      Aurora Flex Space For Rent

      Flex space available near I-70 and I-225.
      333 Airport Blvd, Aurora, CO
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse space available for lease with drive-in loading.
    Where is this warehouse located?
    The property is located at 695 Billings St Aurora, CO.
    What are key features of this property?
    This property features: Completely renovated by current ownership with new carpet, paint, and split system in office.; 12' x 14' drive‑in loading for each unit.; Approximately 22' 4" clear height in the center of the warehouse.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Marc Lippitt
    Real Estate License ID: CO ER.000183921
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    695 Billings St, Aurora, CO 80011
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!