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Olympia Medical Building For Sale
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3641 Ensign Rd NE, Olympia, WA

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

Space Size1,350 SF
Lot Size0.51 Acres
Days on Market312

Property Features for 3641 Ensign Rd NE

General Information

Standard status Active
Size 1,350 SF
Lot size 0.51 Acres
Property subtype OFFICE
Lease Type Modified Gross

Spaces For Lease

at 3641 Ensign Rd NE
Medical Space/Office $20/SF/Yr
Size 1,350 SF
Type OFFICE
Lease Type MODIFIED_GROSS
Availability AVAILABLE
Medical space for lease in the heart of Olympia Medical! Space is in clean condition with ample parking, separate entrance, reception area, restroom, 2 private rooms, along with a more open style conference room! Call LA to show!
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Listing Agency: Olympic Sotheby's international realty
Listed By: Max Stottlemyre · License #22011836
Source: Moodyscre
Added: Nov 24, 2025 Changed: Aug 23 Last Checked: Aug 23 at 3:40AM

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 Olympic Sotheby's international realty

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

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Current Use

Prosthetic Dentistry of Olympia Dental Office Rick Jude, DMD, ... Dental Office Dr. William M. ... Physician Dr. Bruno Discala Physician Cheyenne Babcock, MD Physician

Suggested Use

Top Pick HVAC Service Electrical Service Law Firm Furniture & Home Goods Catering Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,105
Businesses Nearby
Balanced
Demand for This Use
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Similar Off Market Nearby

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  • Banfield Pet Hospital — 719 Sleater Kinney Rd SE Ste 160, Lacey, WA 98503

Frequently Asked Questions

What type of property is this?
Medical Office Space - Two-unit medical building with income and owner-occupancy potential.
Where is this medical office space located?
The property is located at 3641 Ensign Rd NE Olympia, WA.
What is the lease rate?
The lease rate is $20 SF/Yr.
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) 701-5756 Call to check price and availability
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