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Property profile & analytics
OFF-MARKET
Office Spaces

520 Lilly Rd Olympia, WA 98506

1,074 SF Built 1973
Property ID
Property summary
AI-generated overview

This exceptional 1,074 square foot medical office building, located at 520 Lilly Rd NE, Building 2, Olympia, WA 98506, presents a unique investment opportunity. Built in 1973, this two-story structure offers a versatile space ideal for a variety of medical, wellness, or beauty-related businesses. The entire building (1,074 square feet) is currently vacant, providing immediate occupancy for a new tenant. The upper floor features two exam rooms, a private ADA-compliant restroom, a reception desk, and a comfortable waiting area, along with a secondary entrance for patient convenience. The lower level boasts an open layout, perfect for customization, supplemented by storage closets and a practical kitchenette equipped with a full oven, compact washer, and dryer. The property's APN is 57530000200, situated in Thurston County. This turnkey medical office building is ready for immediate use and offers significant potential for growth and return on investment. Its convenient location in Olympia, Washington, provides easy access to a thriving community. The property's layout and amenities make it an attractive option for a wide range of medical professionals. Don't miss this chance to acquire a well-maintained, fully vacant medical office building in a desirable location.

Property profile
Verified
Property type Office Spaces
Year built 1973
Total area 1,074 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Olympia Free Clinic Medical Clinic
  • Kathleen M. Hurd, MD Pediatrician Physician
  • Woodard Creek Family Medicine Medical Clinic
  • Nicole S. Carney, DPM Physician
  • Northwest Neuromuscular Associates Medical Clinic
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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