Olympia, WA Medical Office Space for Sale

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Updated: Mar 11, 2025

Medical Condo For Sale

403 Black Hills Lane SW, Olympia, WA 98502

$335,000

1,479 sqft

Medical condo suitable for owner‑user.
Traditional medical layout with waiting area and reception.
Includes 3 exam rooms with sinks.
Features office consultation rooms and audiology room.
Offers ample storage space.

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This listing looks promising.

Here's a quick look at some key insights for

403 Black Hills Lane SW, Olympia, WA 98502

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Est. Cap Rate

5.8%
NOI ÷ price
Est. NOI

$19K
Annual
Price @ 7% Cap

$275K
Suggested

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Updated: Apr 10

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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Olympia Healthcare Investment Opportunity

115 New View Ct NE, Olympia, WA 98506

Contact for pricing

9,520 sqft 1.10 AC lot

9,520 SF medical building near Providence St. Peter Hospital.

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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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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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Updated Medical Office Building

300 Lilly Rd NE, Olympia, WA 98506

Contact for pricing

2,723 sqft

Updated private office/clinic building with seven offices, large waiting/reception, and on-site parking.

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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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Medical Office Building Near Hospital

3610 Ensign Rd NE, Olympia, WA 98506

Contact for pricing

6,222 sqft 0.53 AC lot

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

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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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Leased Medical Office Clinic

1625 Cooper Point Rd SW, Olympia, WA 98502

Contact for pricing

Fully leased medical office asset operating as an optical clinic with contractual annual rent increases.

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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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Office Condo Near Capitol

108 22nd Ave SW, Olympia, WA 98501

Contact for pricing

Commercial office condo previously used as a dental office and readily convertible to other professional uses.

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Based on your search, we've compiled 35 Potential Opportunities for your consideration. Besides 12 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.

Office Building with Multiple Suites

2-4520 Intelco Loop Se, Lacey, WA 98503

$895,000

Office building currently configured with 15 individual offices, multiple entrances, restrooms, conference rooms, and a full kitchen.

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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.

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Office Building with Multiple Offices

4520 Intelco, Unit 2, Lacey, WA 98503

$895,000

Flexible office layout includes conference rooms, reception areas, a full kitchen, and on-site parking.

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Medical Office Suite

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

Contact for pricing

1,392 sqft

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

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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.

MEDICAL BUILDING

Olympia, WA 98506

$2,105,000

Estimated value

26,002 sqft 2.45 AC lot

View details

MEDICAL BUILDING

500 Lilly NE Rd, Olympia, WA 98506-5195

$6,320,000

Estimated value

88,907 sqft 5.69 AC lot

View details

MEDICAL BUILDING

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

$1,495,000

Estimated value

18,573 sqft 1.45 AC lot

View details

MEDICAL BUILDING

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

$4,365,000

Estimated value

59,373 sqft 0.56 AC lot

View details

MEDICAL BUILDING

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

$315,000

Estimated value

2,335 sqft 0.06 AC lot

View details

MEDICAL BUILDING

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

$185,000

Estimated value

943 sqft 0.03 AC lot

View details

MEDICAL BUILDING

3023 Pacific SE Ave, Olympia, WA 98501-2042

$665,000

Estimated value

6,960 sqft 0.63 AC lot

View details

MEDICAL BUILDING

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

$780,000

Estimated value

9,013 sqft 0.36 AC lot

View details

MEDICAL BUILDING

1100 Eastside SE St, Olympia, WA 98501-7304

Unit 7

$375,000

Estimated value

3,740 sqft 0.29 AC lot

View details

Medical Office Space

410 Black Hills Ln, Olympia, WA 98502

Value Estimation by Request

6,363 sqft

View details

Medical Office Space

3624 Ensign Rd, Olympia, WA 98506

Value Estimation by Request

6,140 sqft

View details

Medical Office Space

412 Black Hills Ln, Olympia, WA 98502

Value Estimation by Request

6,358 sqft

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Olympia, WA Medical Office Space Market Trends and Statistics

Explore 31 medical office space for sale in Olympia, WA, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 73,189 square feet of properties for sale, with an estimated market value of $7,644,000.

Sale prices for medical spaces in Olympia, WA start at $335,000, averaging $1,528,800, and reaching up to $3,695,000 — 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

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
98502	$911K
98506	$2.8M

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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Olympia, WA Medical Office Space for Sale

403 Black Hills Lane SW, Olympia, WA 98502

3910 Martin Way, Olympia, WA 98506

115 New View Ct NE, Olympia, WA 98506

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

3610 Ensign Rd NE, Olympia, WA 98506

300 Lilly Rd NE, Olympia, WA 98506

3641 Ensign Rd NE, Olympia, WA 98506

3610 Ensign Rd NE, Olympia, WA 98506

403 Black Hills Lane SW, Olympia, WA 98502

1625 Cooper Point Rd SW, Olympia, WA 98502

2617 12th Ct SW, Olympia, WA 98502

108 22nd Ave SW, Olympia, WA 98501

Opportunities in Nearby Cities

2-4520 Intelco Loop Se, Lacey, WA 98503

5926 100th St SW, Lakewood, WA 98499

4520 Intelco, Unit 2, Lacey, WA 98503

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

Off-Market Properties in Olympia, WA

Olympia, WA 98506

500 Lilly NE Rd, Olympia, WA 98506-5195

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

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

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

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

3023 Pacific SE Ave, Olympia, WA 98501-2042

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

1100 Eastside SE St, Olympia, WA 98501-7304

410 Black Hills Ln, Olympia, WA 98502

3624 Ensign Rd, Olympia, WA 98506

412 Black Hills Ln, Olympia, WA 98502

Olympia, WA Medical Office Space Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Property Size Breakdown

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