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Property profile & analytics
OFF-MARKET
Office Spaces

205 Lilly Rd Olympia, WA 98506

2,112 SF 1.33 ac lot Built 1990
Property ID
Property summary
AI-generated overview

This exceptional 2,112 square foot single-tenant office building is situated on a 1.33-acre lot at 205 Lilly Rd NE, Olympia, WA 98506. Constructed in 1990, this Class B property boasts a convenient location near Providence St. Peter Hospital, within a Medical Services zoned area (APN: 11818140600). The building is one of three on the site and features a single story design. The interior layout is well-suited for a variety of professional uses, particularly medical practices. The space includes a reception/waiting area, two private restrooms, multiple storage/file rooms, three private offices, a spacious open work area perfect for collaborative efforts, a dedicated conference room for meetings, and a large kitchen/breakroom for employee convenience. The property's ample size and strategic location make it an attractive opportunity for businesses seeking a functional and accessible workspace in a thriving medical corridor. This is a single-tenant occupancy property.

Property profile
Verified
Property type Office Spaces
Year built 1990
Total area 2,112 SF
Lot 1.33 ac (57,935 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
  • Margaret D. Zimmerman ARNP PLLC Physician
  • Megan Dunn, CNM ARNP Midwife
  • Kayla Currie Physician
  • Kwame Obeng Physician
  • Michelle Warner Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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