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    556 Lilly Rd SE Olympia, WA 98501

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    For Lease
    $19 SF/Yr ($9,905 /Mo)

    High-traffic location with drive-thru and ample parking.

    Property size:
    6,256 SF
    Lot size:
    0.63 Acres

    Property Features for 556 Lilly Rd SE

    General Information

    Size
    6,256 SF
    Lot size
    0.63 Acres

    Source: First Western Properties - Tacoma, Inc. Agent Michael Olson

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

    Overview

    High-Visibility Building in Commercial District

    This high-visibility building is located in a thriving commercial district with easy highway access. It features a drive-thru window and ample parking with over 40 spaces. The property benefits from access via a signalized intersection on Lilly Road SE, which sees 15,443 cars per day. Prominent signage options are available to enhance visibility and business presence. The location is positioned in a vibrant area with strong foot traffic and easy accessibility. The property is surrounded by offices, medical facilities, and residential areas, driving consistent customer flow. The property size is 6,256 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Senior Helpers Home Health Care Service Soundwood Construction General Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.8437723
    Latitude
    47.0454481

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    FAQs

    What type of property is this?
    Office building - High-traffic location with drive-thru and ample parking.
    Where is this office building located?
    The property is located at 556 Lilly Rd SE Olympia, WA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location in a thriving commercial district.; - Easy highway access and access from signalized intersection (15,443 CPD).; - Drive-thru window.
    (253) 533-1386
    Request Owner's contact information
    556 Lilly Rd SE Olympia, WA 98501
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    Olympia, WA 98501
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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
    556 Lilly Rd SE Olympia, WA 98501
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