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    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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