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Medical Condo For Sale

403 Black Hills Lane SW, Olympia, WA 98502

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For Sale

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Medical condo featuring a traditional layout with multiple exam rooms.

Type:OFFICE

Property size:

1,479 SF

Lot size:

31.27 Acres

Price / SF:

$216/SF

HighLights

Medical condo ideal for owner‑user.
Traditional medical office layout.
Features three exam rooms with sinks.
Includes waiting area and reception.
Audiology room included.
Two restrooms.

We can help!

Contact an agent

Amy Harding

For Sale

Contact for pricing

Medical condo featuring a traditional layout with multiple exam rooms.

Type:OFFICE

Property size:

1,479 SF

Lot size:

31.27 Acres

Price / SF:

$216/SF

Added:: Mar 10, 2025
Days on Market:: 475
Last Refresh:: Apr 5 at 8:38 pm

Property Features for 403 Black Hills Lane SW

General Information

Standard status: Active
Size: 1,479 SF
Lot size: 31.27 Acres
Property subtype: OFFICE

We can help!

Contact an agent

Amy Harding

Listing office Kidder Mathews

Listing date Mar 10, 2025

Source Moodyscre

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 Kidder Mathews

HighLights

Medical condo ideal for owner‑user.
Traditional medical office layout.
Features three exam rooms with sinks.
Includes waiting area and reception.
Audiology room included.
Two restrooms.

Overview

This medical condo offers an opportunity for an owner-user. The property features a traditional layout that includes a waiting area, reception, three exam rooms equipped with sinks, office consultation rooms, an audiology room, ample storage space, and two restrooms. The property size is 1479 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$31.9k	$21.60
− Vacancy	−$6.3k	−$4.23
EGI	$25.7k	$17.37
− OpEx	−$6.4k	−$4.34
NOI	$19.3k	$13.02

1,479 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%

Alternative Uses

Best Use

Office B

$275.2K

$240.8K – $321.1K (±1% cap)

NOI $19,264 @ 7.0% cap · market cap 6.02%

Second Best

Healthcare Medical

$170.2K

$148.9K – $198.5K (±1% cap)

NOI $11,912 @ 7.0% cap · market cap 3.72%

Theoretical Best

Office A

$433.1K

$378.9K – $505.2K (±1% cap)

NOI $30,314 @ 7.0% cap · market cap 9.47%

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

Property Profile Location Intelligence

Current Use by Public Records

Olympia Fertility Physician Pouw T Hian ... Physician Olympia Women's Health Medical Clinic Dr. Bina C. ... Physician Brandy Brooks Physician

Suggested Use

Similar Places Nearby

Evergreen Veterinary Hospital — 3220 14th Ave NW, Olympia, WA 98502
Eye Clinic For Animals — 3230 14th Ave NW, Olympia, WA 98502
Banfield Pet Hospital — 1001 Cooper Point Rd SW Ste 125, Olympia, WA 98502
Capital Pet Urgent Care — 405 Black Hills Ln SW G, Olympia, WA 98502
Evergreen Veterinary Hospital: Suess Jill DVM — 3220 14th Ave NW, Olympia, WA 98502

Location Insight

Map
Local Demand

City: Olympia
County: Thurston
State: Washington
Longitude: -122.951
Latitude: 47.0466

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For sale
Medical Office Space
WA
Olympia
98502
403 Black Hills Lane SW

What type of property is this?

Medical Office Space - Medical condo featuring a traditional layout with multiple exam rooms.

Where is this medical office space located?

The property is located at 403 Black Hills Lane SW Olympia, WA.

What is the asking price?

The asking price for this property is $320,000.

What are key features of this property?

This property features: Medical condo ideal for owner‑user.; Traditional medical office layout.; Features three exam rooms with sinks.

403 Black Hills Lane SW, Olympia, WA 98502

Medical condo featuring a traditional layout with multiple exam rooms.

Property Features for 403 Black Hills Lane SW

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Versatile Building with Redevelopment Potential

Olympia Retail, Office, Warehouse Buildings

Well-Maintained Office Building For Sale

Olympia Industrial Outside Storage Yard

Downtown Olympia Office Building

Olympia Medical Office Building For Sale

Olympia Healthcare Investment Opportunity

Turnkey Office Building with ADA Restrooms

Olympia Office Space For Lease

Retail Space Near Highway 101

Turnkey Veterinary Clinic in Olympia

Downtown Olympia Corner Retail Space

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