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    Property profile & analytics

    380 Polaris Pkwy Westerville, OH 43082

    • Office buildings
    • 112,384 SF
    • 6.30 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    $15,725,000
    Last Sale
    Dec 14, 2020
    $15,721,700
    Location Intelligence
    Property ID
    US66-4377693
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Champion Companies / Real Estate Agency / Investment Service
    • New York Bakery / Wholesaler
    • Chatham Village Croutons / Wholesaler
    • Sister Schubert's / Wholesaler
    • Amish Kitchens Egg Noodles / Restaurant

    Property Details for 380 Polaris Pkwy

    Year built
    2014
    Lot size
    6.30 lot acres
    Property size
    112,384 SF
    Property type
    Office buildings
    APN
    317-332-02-018-010
    APU
    31733202018010

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $15,680,000

    • CAP approach

      CAP return
      Estimation
      6%
      $17,150,000
      6.5%
      $16,350,000
      7%
      $16,980,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $18,000,000
      Geo Method
      $14,705,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $17,060,000
      Retail
      $17,580,000
      Mixed-Use
      $15,990,000
      Hospitality
      $16,335,000
      Educational
      $14,980,000
      Residential Income
      $13,790,000
      Energy
      $16,340,000
      Income-Based Land
      $17,430,000
      Food Service
      $15,420,000

    Location Insight

    • Map
    • Local Demand
    City
    Westerville
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9416
    Latitude
    40.1475
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,320
    $478,240
    $5,117,560
    $5,595,800
    -
    $1,366,400
    $14,621,600
    $15,988,000

    Comparable in this City

    • Value Estimation by Request
      2,184 SF

      865 Glenmore Way

      OFFICE BUILDING • 2,184 SF
      865 Glenmore Way, Westerville, OH 43082-8434
      View Details
    • Value Estimation by Request
      150,641 SF

      570 Polaris Pkwy

      OFFICE BUILDING • 150,641 SF
      570 Polaris Pkwy, Westerville, OH 43082-7900
      View Details
    • Value Estimation by Request
      1,699 SF

      157 Retreat Ln

      OFFICE BUILDING • 1,699 SF
      157 Retreat Ln, Westerville, OH 43082-6391
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      2,880 SF

      200 Hoff Rd, Unit K

      OFFICE BUILDING • 2,880 SF
      200 Hoff Rd, Westerville, OH 43082-7155
      View Details
    • Value Estimation by Request
      2,320 SF

      8140 Autumn Lk Dr

      OFFICE BUILDING • 2,320 SF
      8140 Autumn Lk Dr, Westerville, OH 43082-8343
      View Details
    • Value Estimation by Request
      71,259 SF

      505 Cleveland Ave

      OFFICE BUILDING • 71,259 SF
      505 Cleveland Ave, Westerville, OH 43082-7130
      View Details

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    Similar Nearby for Lease

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      Westerville Office and Warehouse Space

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      Prime 1.42-acre site, build-to-suit potential.
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    • $13 SF/Yr
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      Class A Office Space Available

      Five-story office building in Westerville's Westar area for rent.
      440 Polaris Pkwy, Westerville, OH 43082
      View Details
    • $13 SF/Yr
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      Class A Office Space Available

      Five-story office building near Polaris Centers of Commerce.
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    • $12 SF/Yr
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      Westar II Executive Suites

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      Westerville Office Space For Rent

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    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
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