1080 Polaris Pkwy Columbus, OH 43240-6035
- Medical offices
- 21,338 SF
- 1.94 lot acres
Jun 30, 2025
Current Use by Public Records
- Dr. Daniel H. Ward, DDS / Dentist
- Douglas James Schumer / Optometrist
- Annie Mueller, O.D. / Optometrist
- Litzinger Thomas C MD / Lasik Surgeon
- Sniderman Michael I MD / Doctor
Property Details for 1080 Polaris Pkwy
- Year built
- 1998
- Lot size
- 1.94 lot acres
- Property size
- 21,338 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 318-433-01-002-001
- APU
- 31843301002001
Description
This exceptional Class A office building, located at 1080 Polaris Parkway in Columbus, Ohio, presents a compelling investment opportunity. The 20,505 square foot property sits on a 1.94-acre lot and boasts a 6.88% cap rate with a Net Operating Income (NOI) of $464,283. Currently 100% occupied by a diverse tenant mix including a surgery center and two dental practices, this multi-tenant building offers excellent stability and potential for future growth. Built in 1999, the two-story structure features 121 parking spaces, ensuring ample convenience for tenants and visitors. Its prime location offers high visibility along Polaris Parkway, with easy access to major thoroughfares like I-71, I-270, and SR 23, and proximity to the Polaris Fashion Mall and other area amenities. The property is zoned LC2 and features all suites renovated within the last five years. This owner/user investment opportunity is ideal for those seeking a high-performing asset in a thriving Columbus submarket. The asking price is $6,750,000. The property's APN is 318-433-01-002-001. This is a turnkey investment with strong cash flow and significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Delaware
- State
- Ohio
- Longitude
- -82.9904
- Latitude
- 40.1453
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA