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    3641 Ensign Rd NE Olympia, WA 98506

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    For Sale
    $815,000

    Two-unit medical building with income and owner-occupancy potential.

    Property size:
    3,562 SF
    Lot size:
    0.51 Acres

    Property Features for 3641 Ensign Rd NE

    General Information

    Size
    3,562 SF
    Lot size
    0.51 Acres

    Source: Greene Commercial Agent Max Stottlemyre

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

    Overview

    Olympia Medical Building For Sale

    This medical building in Olympia features two condominium suites. One suite is currently occupied and comprises 2,056 square feet. The other suite is vacant and offers 1,428 square feet of space, suitable for an owner-occupant or an additional tenant. The occupied unit generates a base monthly income of $6,743.41. The current tenant's lease extends through February 2030. The building is well-maintained and includes 23 parking spaces. The total building size is 3,562 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prosthetic Dentistry of Olympia Dentist Rick Jude, DMD, ... Dentist Dr. William M. ... Anesthesiologist Dr. Bruno Discala Anesthesiologist Cheyenne Babcock, MD Anesthesiologist

    Suggested Use

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

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

    Similar Places Nearby

    Banfield Pet Hospital, North Olympia Animal Hospital, Radiology

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.8430207
    Latitude
    47.0502012

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    FAQs

    What type of property is this?
    Medical office - Two-unit medical building with income and owner-occupancy potential.
    Where is this medical office located?
    The property is located at 3641 Ensign Rd NE Olympia, WA.
    What is the asking price?
    The asking price for this property is $815,000.
    What are key features of this property?
    This property features: - High income: This occupied unit generates $6,743.41 per month.; - Investment and Owner-Occupancy: Great opportunity for rental income and business use.; - Well-maintained building: Ensures low maintenance costs and tenant satisfaction.
    (360) 528-4167
    Request Owner's contact information
    3641 Ensign Rd NE Olympia, WA 98506
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    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
    3641 Ensign Rd NE Olympia, WA 98506
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