Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    8740 Orion Pl Columbus, OH 43240

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8740 Orion Pl Columbus, OH 43240

    View on Map
    • Office properties & Spaces
    • 52,007 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Olivia Meadors / Physician
    • DigiFone / Telecommunications Service
    • Splash Promotion / General Contractor
    • Rebecca Cmar / Physician
    • Kallie Renfus / Physician

    Property Details for 8740 Orion Pl

    Year built
    2000
    Property size
    52,007 SF
    Property type
    Office properties & Spaces

    Description

    Polaris Office, located at 8740 Orion Place in Columbus, Ohio, presents a compelling opportunity for businesses seeking executive office space. This Class B property, built in 2000, comprises two three-story buildings totaling 52,007 square feet, situated on a 7.1-acre lot. The property is zoned LC-4 Commercial and offers ample parking with 142 spaces. Multiple tenancy options are available, with spaces ranging from a minimum of 994 square feet to a maximum contiguous space of 10,058 square feet. Currently, there are 31,766 square feet of vacant space ready for immediate occupancy. The building's design caters to both traditional and executive office needs, providing a versatile environment for various business types. Its location in Delaware County, Ohio, offers convenient access to Columbus's amenities and infrastructure. This property is ideal for companies seeking flexible and well-appointed office space in a desirable location. The property features a total of 52,007 square feet across two buildings, with a minimum divisible space of 994 square feet. The address is 8740 Orion Place, Columbus, OH 43240.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9657
    Latitude
    40.1468

    Comparable in this City

    • Value Estimation by Request

      9039 Antares Ave Ste F2b

      CONDOMINIUM OFFICES
      9039 Antares Ave Ste F2b, Columbus, OH 43240-4101
      View Details
    • Value Estimation by Request
      43.28 Acres

      Lazelle Rd

      OFFICE BUILDING (MULTI-STORY) • 43.28 Acres
      Lazelle Rd, Columbus, OH 43240
      View Details
    • Value Estimation
      $13,825,000
      170,317 SF

      8787 Orion Pl

      OFFICE BUILDING • 170,317 SF
      8787 Orion Pl, Columbus, OH 43240-4027
      View Details
    • Value Estimation
      $5,490,000
      57,594 SF

      8720 Orion Pl

      OFFICE BUILDING • 57,594 SF
      8720 Orion Pl, Columbus, OH 43240-2111
      View Details
    • Value Estimation
      $14,745,000
      152,540 SF

      8850 Lyra Dr

      OFFICE BUILDING • 152,540 SF
      8850 Lyra Dr, Columbus, OH 43240-2295
      View Details
    • Value Estimation
      $1,190,000
      8,850 SF

      8820 Commerce Loop Dr

      OFFICE BUILDING • 8,850 SF
      8820 Commerce Loop Dr, Columbus, OH 43240-2121
      View Details

    Similar Nearby for Sale

    • $1,025,000
      5,130 SF

      Polaris Area Flex/Retail/Office Building

      5,130 SF building ideal for flex, office, or retail.
      9015 Antares Ave, Columbus, OH 43240
      View Details
    • Contact for pricing

      8900 Lyra Drive, Columbus, OH

      Commercial real estate at 8900 Lyra Drive, Columbus, OH 43240.
      8900 Lyra Dr, Columbus, OH 43240
      View Details
    • Contact for pricing
      22,853 SF

      Polaris Parkway Office Opportunity

      Office building with frontage, visibility, and renovated common areas.
      999 Polaris Pkwy, Columbus, OH 43240
      View Details
    • $8,000,000
      72,588 SF

      Move-in Ready Office Building

      72,588 SF office building ready for occupancy Q1 2023.
      1000 Polaris Pkwy, Columbus, OH 43240
      View Details
    • Contact for pricing
      4,884 SF

      Multi-Tenant Office Property For Sale

      Three-story office building in Polaris location with immediate suite availability.
      8740 Orion Pl, Columbus, OH 43240
      View Details
    • Contact for pricing
      4,061 SF

      Retail Space Near Polaris Fashion

      Retail space across from the most visited Ohio retail center.
      8787 Sancus Blvd, Columbus, OH 43240
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Lease

      Office space available for lease in Columbus, Ohio.
      8740 Orion Pl, Columbus, OH 43240
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent at 1120 Polaris Pkwy.
      1120 Polaris Pkwy, Columbus, OH 43240
      View Details
    • Contact for pricing

      Three-Story Multi-Tenant Office Building

      Three-story office building with 52,027 square feet available for rent.
      8760 Orion Pl, Columbus, OH 43240
      View Details
    • Contact for pricing
      6,906 SF

      Spacious Office Space for Rent

      Large office space near Polaris Fashion Place with ample parking.
      8415 Pulsar Pl, Columbus, OH 43240
      View Details
    • $14 SF/Yr
      5,073 SF

      Antares Drive Office Suite

      Second-floor office suite with private offices, conference room, kitchenette.
      9039 Antares Ave, Columbus, OH 43240
      View Details
    • Contact for pricing
      2,000 SF

      Mixed-Use Development with Retail Space

      Class A development featuring office, retail, residential, and hotel space.
      8924-8958 Lyra Dr, Columbus, OH 43240
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8740 Orion Pl
    Columbus, OH 43240
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    8740 Orion Pl, Columbus, OH, 43240

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!