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    FOR LEASE
    Medical Office Space

    300 Lilly Rd NE, Olympia, WA 98506

    2,048 SF 1.02 ac lot Built 1982
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US90-1451066
    No photos on file
    For Lease
    $4,073/Mo 2,723 SF available
    300 Lilly Rd NE, Olympia, WA 98506
    View Listing →
    Property summary
    AI-generated overview

    This exceptional 2,723 square foot medical office building is situated on Lilly Road in Olympia, Thurston County, Washington. The property is a single-tenant building, currently entirely vacant, presenting a unique opportunity for a medical practice or clinic seeking a move-in ready space. The building boasts seven individual offices, two restrooms, a spacious waiting room/reception area, and a convenient break room. A significant portion of the building, 1,873 square feet, has already undergone recent upgrades and build-out, providing a modern and efficient workspace. An additional 880 square feet of space is currently used for storage but offers significant potential for expansion to accommodate additional offices or clinic space, allowing for customization to meet specific needs. Ample parking is available for staff and patients, ensuring convenient access. This turnkey medical office building offers a rare combination of updated amenities, flexible space, and a desirable location in Olympia. The property is ready for immediate occupancy. The building's layout and features make it ideal for a variety of medical practices.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1982
    Construction WOOD FRAME
    Total area 2,048 SF
    Lot 1.02 ac (44,431 SF)
    APN 8595-00-00100
    UPID US90-1451066
    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
    • Eye Institute of Olympia PS Ophthalmologist
    • Christa Huddleston Physician
    • Jennifer Hoeniges Physician
    • Chandni Virdi Physician
    • Kathryn Williams Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Maximus Oliver LLC · 10 yrs held
    Maximus Oliver LLC
    since 2015
    4 recorded transactions
    2015
    $314,719
    2000
    $240,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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