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Medical Office Suite Near Hospital
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703 Lilly Rd NE, Olympia, WA 98506

Configured medical office space with parking and tenant improvements available to qualified tenants.

Space Size1,896 SF
Days on Market411

Property Features for 703 Lilly Rd NE

General Information

Standard status Active
Size 1,896 SF
Property subtype OFFICE

Additional Details

Space Use Medical Office

Spaces For Lease

at 703 Lilly Rd NE Contact us

Lilly Road Medical $25/SF/Yr

Size
1,896 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE
Former physicians office just past St. Peter Hospital. Good access and parking....
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Listing Agency: BHGRE Commercial Premier NW
Listed By: Joni Baker
Source: Moodyscre
Added: Jul 16, 2025 Changed: Aug 29 Last Checked: Aug 29 at 11:56PM

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 BHGRE Commercial Premier NW

Investment Insights

Based on property information with market context.

This 1,896-square-foot medical office space is configured for professional healthcare use and includes on-site parking. Tenant improvements are available to qualified tenants, supporting customization of the existing layout.

The property is located at 703 Lilly Rd NE in Olympia, just past St. Peter Hospital, with direct access from Lilly Road. The space is currently set up as a commercial condominium, and purchase may also be available.

Key Highlights

  • 1,896‑square‑foot medical office space
  • Configured for professional healthcare use
  • On‑site parking

Property Analytics

Current Use

Dr. Linda Brown Physician Althea Acosta Dental Office Medical Office Medical Clinic Symbio Bliss Massage ... Alternative Medicine Practice Dr. Vivian Lombillo Physician

Suggested Use

Top Pick HVAC Service Law Firm (Bike/Boat/Book/etc) Store Carpet & Flooring Store Auto Parts Store Parking Lot & Garage

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
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,867
Businesses Nearby
Under-served
Demand for This Use

Demographics for 98506, WA

19,198
Population
9,041
Households
2.1
Avg Household Size
44
Median Age
51%
College-Educated
96%
High-School Grad
22.4 sq mi
ZIP Area
857
Density / Sq Mi
$93,968
Median Household Income
$50,388
Median Earnings
$1,431
Median Rent
$469,700
Median Home Value

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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Frequently Asked Questions

What type of property is this?
Medical Office Space - Configured medical office space with parking and tenant improvements available to qualified tenants.
Where is this medical office space located?
The property is located at 703 Lilly Rd NE Olympia, WA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 1,896‑square‑foot medical office space; Configured for professional healthcare use; On‑site parking
(360) 943-9922 Call to check price and availability
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