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    520 Lilly Rd NE Olympia, WA 98506

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    For Lease
    $1,200 /Mo ($23 SF/Yr)

    Two-story medical office building with basement available for rent.

    Property size:
    624 SF
    Lot size:
    0.30 Acres

    Property Features for 520 Lilly Rd NE

    General Information

    Size
    624 SF
    Lot size
    0.30 Acres

    Source: The Rants Group Agent Jami Topping

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

    Overview

    Two-Story Medical Office Building

    This two-story medical office building features two exam rooms, a private ADA restroom, a reception desk, a waiting area, and a secondary entrance. The building includes a 450-square-foot basement, which is primarily open and contains storage closets and a kitchenette equipped with a full oven and a compact washer and dryer. The property is suitable for medical, wellness, or beauty-related businesses. The total property size is 624 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Olympia Free Clinic Medical Clinic Kathleen M. Hurd, ... Family Practice Physician Woodard Creek Family ... Medical Clinic Nicole S. Carney, ... Podiatrist Northwest Neuromuscular Associates Medical 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
    -122.8436902
    Latitude
    47.0543621

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    FAQs

    What type of property is this?
    Medical office - Two-story medical office building with basement available for rent.
    Where is this medical office located?
    The property is located at 520 Lilly Rd NE Olympia, WA.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Two-story building ideal for medical, wellness, or beauty practices; - Features two exam rooms, reception desk, and waiting area; - Private ADA restroom included
    (360) 943-8060
    Request Owner's contact information
    520 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
    520 Lilly Rd NE Olympia, WA 98506
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