300 Lilly RdOlympia, WA 98506
- Healthcare properties
- 2,048 SF
Property Details for 300 Lilly Rd
- Year built
- 1982
- Construction
- WOOD FRAME
- Lot size
- 1.02 AC
- Property size (Sq ft)
- 2,048 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 8595-00-00100
- APU
- 85950000100
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $554,194
- 6.5%
- $511,564
- 7%
- $475,023
-
Comparable approach
- Method
- Valuation
- Relative Method
- $549,200
- Geo Method
- $394,404
-
Alternative Use
- Use
- Valuation
- Residential
- $634,339
- Hospitality
- $581,051
- Educational
- $483,428
- Medical
- $500,053
- Retail
- $751,998
Location Insight
- City
- Olympia
- County
- Thurston
- State
- Washington
- Latitude
- 47.0502
- Longitude
- -122.844
- CBSA code
- 36500
- CBSA name
- OLYMPIA, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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