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Medical Office Building Near Hospital

3610 Ensign Rd NE, Olympia, WA 98506

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For Sale

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6,222 SF medical office building across from Providence St. Peter Hospital.

Type:OFFICE

Property size:

6,222 SF

Lot size:

0.53 Acres

Price / SF:

$253/SF

HighLights

Located across from Providence St. Peter Hospital, a 390‑bed non‑profit teaching hospital.
6,222 SF medical office building, formerly a surgical center.
Features nine exam rooms, procedure rooms, and multiple reception/administrative areas.
Includes eight private offices, a large kitchen/breakroom, and ample storage.
30 off‑street parking stalls and a covered patient pickup area.
New roof completed June 2025.

We can help!

Listing Contact

Ian Zarosinski

For Sale

Contact for pricing

6,222 SF medical office building across from Providence St. Peter Hospital.

Type:OFFICE

Property size:

6,222 SF

Lot size:

0.53 Acres

Price / SF:

$253/SF

Added:: Mar 28, 2025
Days on Market:: 443
Last Refresh:: Apr 5 at 8:33 pm

Property Features for 3610 Ensign Rd NE

General Information

Standard status: Active
Size: 6,222 SF
Lot size: 0.53 Acres
Property subtype: OFFICE

Properties For Sale

at 3610 Ensign Rd NE Contact us

We can help!

Listing Contact

Ian Zarosinski

Listing agent Ian Zarosinski

Listing office The Rants Group

Listing date Mar 28, 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 The Rants Group

HighLights

Located across from Providence St. Peter Hospital, a 390‑bed non‑profit teaching hospital.
6,222 SF medical office building, formerly a surgical center.
Features nine exam rooms, procedure rooms, and multiple reception/administrative areas.
Includes eight private offices, a large kitchen/breakroom, and ample storage.
30 off‑street parking stalls and a covered patient pickup area.
New roof completed June 2025.

Overview

This 6,222 SF medical office building, formerly a surgical center, is situated on 0.53 acres across from Providence St. Peter Hospital. The property contains nine exam rooms, procedure rooms, multiple reception and administrative areas, four restrooms, eight private offices, a large kitchen/breakroom, and ample storage. It also features 30 off-street parking stalls and a covered patient pickup area. A new roof is planned for completion in June 2025.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$134.4k	$21.60
− Vacancy	−$26.3k	−$4.23
EGI	$108.1k	$17.37
− OpEx	−$27.0k	−$4.34
NOI	$81.0k	$13.02

6,222 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $81,040 @ 7.0% cap · market cap 5.15%

Second Best

Healthcare Medical

$715.9K

$626.4K – $835.2K (±1% cap)

NOI $50,113 @ 7.0% cap · market cap 3.18%

Theoretical Best

Office A

$1.82M

$1.59M – $2.13M (±1% cap)

NOI $127,526 @ 7.0% cap · market cap 8.10%

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

Property Profile Location Intelligence

Current Use by Public Records

Dr. James L. ... Physician RICHARD T. KRUG, ... Physician Surgical Associates P.L.L.C. Medical Clinic Dr. Mark W. ... Physician Olympic Vascular & Vein ... Medical Clinic

Suggested Use

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North Olympia Animal Hospital — 3523 Pacific Ave SE, Olympia, WA 98501
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Location Insight

Map
Local Demand

City: Olympia
County: Thurston
State: Washington
Longitude: -122.844
Latitude: 47.0512

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For sale
Medical Office Space
WA
Olympia
98506
3610 Ensign Rd NE

What type of property is this?

Medical Office Space - 6,222 SF medical office building across from Providence St. Peter Hospital.

Where is this medical office space located?

The property is located at 3610 Ensign Rd NE Olympia, WA.

What is the asking price?

The asking price for this property is $1,575,000.

What are key features of this property?

This property features: Located across from Providence St. Peter Hospital, a 390‑bed non‑profit teaching hospital.; **6,222 SF medical office building**, formerly a surgical center.; Features nine exam rooms, procedure rooms, and multiple reception/administrative areas.

3610 Ensign Rd NE, Olympia, WA 98506

6,222 SF medical office building across from Providence St. Peter Hospital.

Property Features for 3610 Ensign Rd NE

General Information

Properties For Sale

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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