Medical Premises

Olympia, WA Medical Office Space for Sale

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Olympia Healthcare Investment Opportunity
Updated: May 16
Olympia Healthcare Investment Opportunity

115 New View Ct NE, Olympia, WA 98506

$5,050,000
111,949 sqft 1.10 AC lot
Purpose‑suited for a standalone ASC or medical clinic.
Located in Olympia's medically concentrated Lilly Road corridor, near Providence St. Peter Hospital.
Turnkey potential for owner‑user or healthcare operator.
Built/renovated in 2009.
Located within the HDC High Density Corridor zone.
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Medical Office Building with Vacant Suite
Updated: Apr 12
Medical Office Building with Vacant Suite

3910 Martin Way, Olympia, WA 98506

$3,695,000
8,265 sqft
Two office buildings built in 2006: 3910 and 3912
3910 totals 8,265 sq ft and is fully leased to civil engineers and a dental clinic
3912 totals 8,447 sq ft and will be vacant at closing
3912 is currently configured as 4 suites that can be combined
3912 can be sold separately for $1,695,000 after a lot split (40 parking spaces)
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Medical Office Portfolio at Black Hills Medical Park
Medical Office Portfolio at Black Hills Medical Park

402 BLACK HILLS LN SW OLYMPIA WA 98502-8145, Olympia, WA 98502

Contact for pricing
33,007 sqft

Four fully occupied medical office properties offer modified gross leases and individually metered utilities within Black Hills Medical Park.

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See hot listings in Olympia

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Medical Office Building Near Hospital
Medical Office Building Near Hospital

3610 Ensign Rd NE, Olympia, WA 98506

$2,000,000
6,222 sqft

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

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Medical Office Condo with Exam Rooms
Medical Office Condo with Exam Rooms

403 Black Hills Ln SW, Suite C, Olympia, WA 98502

Contact for pricing
2,189 sqft

Vacant Class B suite with two entrances, reception space, exam rooms, lab area, and private offices.

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Olympia Medical Building with Income
Olympia Medical Building with Income

3641 Ensign Rd NE, Olympia, WA 98506

$815,000
3,562 sqft

Two-unit medical building with existing tenant and vacant suite.

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Office Unit with Private Rooms
Office Unit with Private Rooms

2401 Bristol Court Sw A-102, Olympia, WA 98501

$350,000

Suite A-102 offers a reception area, conference room, sink, and shared restrooms within a professional complex.

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Medical Condo For Sale
Medical Condo For Sale

403 Black Hills Lane SW, Olympia, WA 98502

$335,000
1,479 sqft

Medical condo with traditional layout, suitable for owner-user.

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Medical Office Condo with Two Entrances
Medical Office Condo with Two Entrances

403 Black Hills Lane SW, Olympia, WA 98502

Contact for pricing
2,189 sqft

Vacant Suite C medical office condo with two entrances, reception and waiting space, exam rooms, and a dedicated lab area.

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Olympia Commercial Office Building For Sale
Olympia Commercial Office Building For Sale

2617 12th Ct SW, Olympia, WA 98502

$799,000

Well-maintained commercial office building in the heart of Olympia.

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Based on your search, we've compiled 33 Potential Opportunities for your consideration. Besides 10 Active listings in Olympia, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 19 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Two-Story Medical Office Building
Two-Story Medical Office Building

Tacoma, WA 98466

$2,250,000
6,830 sqft 0.40 AC lot

Occupied TC-zoned property with two medical tenants and convenient access to SR 16 and I-5.

View details
Medical Office Suite
Medical Office Suite

5920 100th St SW Unit 33, Lakewood, WA 98499

$485,000

Professional office suite with reception, waiting room, multiple offices, and dedicated parking for clients.

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Lakewood Professional Office Condo
Lakewood Professional Office Condo

5926 100th St SW, Lakewood, WA 98499

$375,000
1,125 sqft

Professional/Medical office condo in Lakewood Professional Village, 1,125 SF.

View details
Lakewood Medical Office Complex
Lakewood Medical Office Complex

9101 Bridgeport Way SW, Tacoma, WA 98499

Contact for pricing
14,400 sqft 1.50 AC lot

Well-maintained medical complex in a desirable location.

View details

Off-Market Properties in Olympia, WA

Consider similar Off-Market properties in Olympia, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Olympia, WA 98506
MEDICAL BUILDING

Olympia, WA 98506

Estimated value:
$2,105,000
26,002 sqft 2.45 AC lot
View details
500 Lilly NE Rd
MEDICAL BUILDING

500 Lilly NE Rd, Olympia, WA 98506-5195

Estimated value:
$6,320,000
88,907 sqft 5.69 AC lot
View details
3525 Ensign Rd Ne Ste B
MEDICAL BUILDING

3525 Ensign Rd Ne Ste B, Olympia, WA 98506-5065

Estimated value:
$1,495,000
18,573 sqft 1.45 AC lot
View details
3920 Capital Mall SW Dr
MEDICAL BUILDING

3920 Capital Mall SW Dr, Olympia, WA 98502-8700

Estimated value:
$4,365,000
59,373 sqft 0.56 AC lot
View details
403 Black Hls Ln Sw Ste B
MEDICAL BUILDING

403 Black Hls Ln Sw Ste B, Olympia, WA 98502-8600

Estimated value:
$315,000
2,335 sqft 0.06 AC lot
View details
403 Black Hls Ln Sw Ste D
MEDICAL BUILDING

403 Black Hls Ln Sw Ste D, Olympia, WA 98502-8600

Estimated value:
$185,000
943 sqft 0.03 AC lot
View details
3023 Pacific SE Ave
MEDICAL BUILDING

3023 Pacific SE Ave, Olympia, WA 98501-2042

Estimated value:
$665,000
6,960 sqft 0.63 AC lot
View details
1105 4th E Ave
MEDICAL BUILDING

1105 4th E Ave, Olympia, WA 98506-4018

Estimated value:
$780,000
9,013 sqft 0.36 AC lot
View details
1100 Eastside SE St, Unit 7
MEDICAL BUILDING

1100 Eastside SE St, Olympia, WA 98501-7304

Unit 7
Estimated value:
$375,000
3,740 sqft 0.29 AC lot
View details
410 Black Hills Ln
Medical Office Space

410 Black Hills Ln, Olympia, WA 98502

Estimated value: by Request
6,363 sqft
View details
412 Black Hills Ln
Medical Office Space

412 Black Hills Ln, Olympia, WA 98502

Estimated value: by Request
6,358 sqft
View details
3910-3912 Martin Way
Individual retail properties

3910-3912 Martin Way, Olympia, WA 98506

Estimated value: by Request
16,468 sqft
View details
2600-2616 Yelm Hwy
Coworking space

2600-2616 Yelm Hwy, Olympia, WA 98501

Estimated value: by Request
16,379 sqft 2.22 AC lot
View details

Olympia, WA Medical Office Space Market Trends and Statistics

Explore 29 medical office space for sale in Olympia, WA, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 168,862 square feet of properties for sale, with an estimated market value of $13,044,000.

Sale prices for medical spaces in Olympia, WA start at $335,000, averaging $1,863,428, and reaching up to $5,050,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Office buildings 44
Office Units 41
Medical Office Space 21
Coworking space 1
Creative space 1

Demographics Overview

Population 241K
Population Growth (5Y) +8.3%
Median Household Income $94,198
College Educated 31.7%

High-Yield Neighborhoods for Investment

Identify Olympia submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
98501 $350K
98502 $567K
98506 $2.9M

Taxes & Financing

Tax Rate (average for all types) 0.90%
Property Tax per SF $10.62 per SF
Tax Rate vs County Average 0.01 pp above county avg
Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Olympia fall within the 10,000 to 25,000 square foot range.

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