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    550 Polaris Pkwy Westerville, OH 43082

    Sponsored
    For Lease
    $12 SF/Yr

    Prestigious Polaris office space available.

    Lot size:
    150,641 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Westar II, a Class A, four-story office building totaling 150,641 square feet, offers executive office suites in the highly desirable Polaris submarket of Westerville, Ohio. Built in 2003, this single building sits on a 10.87-acre lot at 550 Polaris Parkway, zip code 43082, in Delaware County. The property boasts convenient access to Interstates 71 and 270, placing it minutes from Polaris Fashion Place, hotels, and restaurants. Multiple tenancy options are available, with spaces ranging from a minimum of 1,019 square feet to a maximum contiguous space of 11,050 square feet

    Property Features for 550 Polaris Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    150,641 SF
    Class
    A
    Total Rate
    162566.75

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 510
    Size
    5,083 SF
    Rate per SF
    $19
    Space
    Suite 150
    Size
    5,516 SF
    Rate per SF
    $13
    Space
    Suite 130B
    Size
    3,130 SF
    Rate per SF
    $13

    HighLights

    • Class A, four‑story office building totaling 150,641 square feet.
    • Located in the desirable Polaris submarket of Westerville, Ohio (zip code 43082, Delaware County).
    • Situated on a 10.87‑acre lot at 550 Polaris Parkway.
    • Built in 2003.
    • Offers executive suites ranging from 1,019 to 11,050 contiguous square feet.
    • Excellent access to Interstates 71 and 270, near Polaris Fashion Place, hotels, and restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Merilee Luka-Keller Williams ... Real Estate Agent Connie Farabaugh-Keller Williams ... Real Estate Agent D.R. Horton Columbus Home Builder The Orsatti Home Team Real Estate Agent Ashley A Kress - Keller ... Real Estate Agent

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westerville
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9480552
    Latitude
    40.1479613

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Polaris office space available.
    Where is this office property / space located?
    The property is located at 550 Polaris Pkwy Westerville, OH.
    What is the lease rate?
    The lease rate is $13-$19 SF/Yr.
    What are key features of this property?
    This property features: Class A, four-story office building totaling 150,641 square feet.; Located in the desirable Polaris submarket of Westerville, Ohio (zip code 43082, Delaware County).; Situated on a 10.87-acre lot at 550 Polaris Parkway.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    550 Polaris Pkwy Westerville, OH 43082
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