205 Lilly Rd, Olympia, WA 98506
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.
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Margaret D. Zimmerman ARNP PLLC Physician
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Megan Dunn, CNM ARNP Midwife
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Kayla Currie Physician
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Kwame Obeng Physician
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Michelle Warner Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.