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Property profile & analytics
OFF-MARKET
Office Spaces

412 Black Hills Ln Olympia, WA 98502

6,358 SF Built 1985
Property ID
Property summary
AI-generated overview

This single-story, 6,358 square foot medical office building presents a unique opportunity. Situated on a 0.16-acre lot at 412 Black Hills Lane SW, this Class C property, built in 1985, offers a peaceful, park-like setting adjacent to the MultiCare Capital Medical Center (a 107-bed community hospital). Currently configured as three separate suites, the entire building is available for lease, providing a total of 6,358 contiguous square feet. The space features traditional medical office layouts, including numerous exam rooms, reception and waiting areas, lab space, and multiple kitchens. The minimum divisible space is 1,407 square feet, allowing for flexibility depending on tenant needs. Tenants are subject to hospital approval. Utilities, interior maintenance, and janitorial services are the responsibility of the tenant. The property is zoned MS and has an APN of 38440000800. The cross street is Yauger. This is an exceptional opportunity for medical professionals seeking a well-located, functional space in a desirable setting. The entire building is currently vacant.

Property profile
Verified
Property type Office Spaces
Year built 1985
Total area 6,358 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
  • Laurinda Elgin Physician
  • Kellie Harkness Pediatrician Physician
  • Kevin Connolly Physician Medical Clinic
  • Samuel Cooper Engemann Physician
  • Patrick Murray Physician 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
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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