300 Lilly Rd NE, Olympia, WA 98506
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.
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Eye Institute of Olympia PS Ophthalmologist
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Christa Huddleston Physician
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Jennifer Hoeniges Physician
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Chandni Virdi Physician
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Kathryn Williams Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
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.