Polaris Parkway Office
999 Polaris Pkwy Columbus, OH
For Sale
Contact for pricing
Office building with frontage, visibility, and renovated common areas.
Property Size11,565 SF
Lot Size2.19 Acres
Price / SF$259.40
Days on Market440
Property Features for 999 Polaris Pkwy
General Information
Standard status
Active
Size
11,565 SF
Lot size
2.19 Acres
Property subtype
OFFICE
Properties For Sale
at 999 Polaris Pkwy Contact us
Listing Agency:
Colliers | Columbus
(614) 206-6882
Listed By:
Andrew Jameson, SIOR, CCIM
(614) 206-6882
Source:
Moodyscre
Added: May 15, 2025
Changed: Jul 6
Last Checked: Jul 22 at 3:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Columbus
Investment Insights
Based on property information with market context.
This property presents an opportunity for owner-occupancy. It features frontage and visibility on Polaris Parkway and Gemini Place. The building includes a renovated lobby and common areas. The property is situated in the Polaris area, providing convenient access to I-71 and SR 23, as well as nearby amenities, restaurants, hotels, and entertainment options. There are 120 surface lot parking spaces available. The property has a size of 11565 square feet and is situated on a 2.19 acre lot.
Key Highlights
- Incredible frontage and visibility on Polaris Parkway and Gemini Place
- Great Polaris location with easy access to I‑71 and SR 23
- Outstanding Owner‑Occupant Opportunity
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $229.0k | $19.80 |
| − Vacancy | −$50.8k | −$4.40 |
| EGI | $178.2k | $15.40 |
| − OpEx | −$44.5k | −$3.85 |
| NOI | $133.6k | $11.55 |
11,565 SF · lease $19.80/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.91M
$1.67M – $2.23M
NOI $133,614 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,714 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building with frontage, visibility, and renovated common areas.
Where is this office building located?
The property is located at 999 Polaris Pkwy Columbus, OH.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Incredible frontage and visibility on Polaris Parkway and Gemini Place; Great Polaris location with easy access to I‑71 and SR 23; Outstanding Owner‑Occupant Opportunity
