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    615 Lilly Rd NE Olympia, WA 98506

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    For Lease
    $42 SF/Yr ($8,841 /Mo)

    Move-in ready medical office space adjacent to Providence St. Peter.

    Property size:
    2,526 SF
    Lot size:
    3.76 Acres

    Property Features for 615 Lilly Rd NE

    General Information

    Size
    2,526 SF
    Lot size
    3.76 Acres

    Source: The Rants Group Agent Zeke Rehn

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

    Overview

    Medical Office Near Providence Hospital

    This Class A medical office space is located adjacent to Providence St. Peter Hospital. The suite, situated in the Lilly Road Medical Building, features four exam rooms, a large waiting area with administrative space, a private office, and a break room. The layout can be reconfigured to accommodate additional exam rooms. Interior finishes are in excellent condition and the space is move-in ready. The property is 2526 square feet. The lease is modified gross, with the tenant responsible for janitorial expenses for the premises and a pro-rata share of utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. William O. ... Pediatrician Providence Swedish Obstetrics ... Women'S Health Clinic Seattle Children's Olympia Medical Clinic Providence Urology Center Urology Clinic WomanCare merged with ... Women'S Health Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.8457334
    Latitude
    47.0555192

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    FAQs

    What type of property is this?
    Medical office - Move-in ready medical office space adjacent to Providence St. Peter.
    Where is this medical office located?
    The property is located at 615 Lilly Rd NE Olympia, WA.
    What is the lease rate?
    The lease rate is $42 SF/Yr.
    What are key features of this property?
    This property features: - Class A Medical Office adjacent to Providence St. Peter Hospital.; - Move-in ready with excellent interior finishes.; - First publicly available suite since building construction.
    (360) 943-8060
    Request Owner's contact information
    615 Lilly Rd NE Olympia, WA 98506
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    Realmo Value Estimation

    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.

    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.

    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
    615 Lilly Rd NE Olympia, WA 98506
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