412 Black Hills Ln Olympia, WA 98502
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.
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Laurinda Elgin Physician
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Kellie Harkness Pediatrician Physician
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Kevin Connolly Physician Medical Clinic
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Samuel Cooper Engemann Physician
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Patrick Murray Physician Medical Clinic
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
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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.