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    380 Polaris Pkwy Westerville, OH 43082

    For Lease
    $15 SF/Yr

    Modern Westerville Office Space Available

    Lot size:
    106,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional four-story office building, totaling 106,000 square feet, presents a prime opportunity for businesses seeking executive office space in Westerville, Ohio. Constructed in 2014, the building boasts a highly desirable location at 380 Polaris Parkway, offering convenient access to I-71, Route 3, and the numerous amenities of the Polaris area. The building features a total of 106,000 square feet, with a minimum divisible space of 4,500 square feet and a maximum contiguous space of 10,948 square feet currently available. This presents a flexible solution for businesses of various sizes. The building provides ample parking with a ratio of 5 spaces per 1,000 square feet, all free of charge to tenants. Furthermore, the property benefits from a significant advantage: a 100% real estate tax abatement on improvements. To enhance communication, a cellular signal amplifier is installed within the building. Utilities and janitorial services are included in the operating expenses, simplifying budgeting and management. This location offers unparalleled convenience and accessibility, making it an ideal choice for businesses seeking a modern, efficient, and well-located workspace in the thriving Polaris area of Delaware County.

    Property Features for 380 Polaris Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    106,000 SF
    Total Rate
    136916.67

    Building Details

    Year Built
    2014
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 110
    Size
    10,948 SF
    Rate per SF
    $15

    HighLights

    • 106,000 SF office building in Westerville, OH.
    • Executive office suites available, 4,500 - 10,948 contiguous SF.
    • 10,948 SF currently vacant.
    • Built in 2014, four stories.
    • Excellent I‑71 and Route 3 access, near Polaris Parkway.
    • Free parking (5 spaces per 1000 SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Champion Companies Real Estate Agency New York Bakery Wholesaler Chatham Village Croutons Wholesaler Sister Schubert's Wholesaler Amish Kitchens Egg ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Westerville
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9418371
    Latitude
    40.1469452

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    FAQs

    What type of property is this?
    Office Property / Space - Modern Westerville Office Space Available
    Where is this office property / space located?
    The property is located at 380 Polaris Pkwy Westerville, OH.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 106,000 SF office building in Westerville, OH.; Executive office suites available, 4,500 - 10,948 contiguous SF.; 10,948 SF currently vacant.
    Request Owner's contact information
    380 Polaris Pkwy Westerville, OH 43082
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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
    380 Polaris Pkwy Westerville, OH 43082
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