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Property profile & analytics
OFF-MARKET
Estimated value
$2,930,000
Medical Office Space
1080 Polaris Pkwy Columbus, OH 43240-6035
Entity Owned
~
Est. High Equity
Property ID
US66-0428476
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Total area
21,338 SF
Lot
1.94 ac (84,594 SF)
APN
318-433-01-002-001
UPID
US66-0428476
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Daniel H. Ward, DDS Dental Office
-
Douglas James Schumer Physician
-
Annie Mueller, O.D. Physician
-
Litzinger Thomas C MD Physician Ophthalmologist
-
Sniderman Michael I MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.92M
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$2.93M
Owner & transaction history
1080 Polaris Parkway LLC
1080 Polaris Parkway LLC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+68.9%
Auto repair, garage
$3.4M
+17.4%
Apartment house (5+ units)
$3.1M
+7.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,240,000
6.5%
$3,915,000
7%
$3,635,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,880,000
Current use
RESTAURANT
$4,865,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,385,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,095,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$3,045,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,305,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.93M
Range $2.64M – $3.22M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$137 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$69,208
Tax year 2023
Assessed value
$1,019,700
Assessed 2023
Previous assessed
$859,330
+18.7% YoY
Effective rate
6.79%
On assessed value
Assessed land
$299,080
Assessed improvement
$720,620
Land market value
$854,500
Improvement market value
$2,058,900
Total market value
$2,913,400
Applied tax rate
45.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Heating
YES
Cooling
YES
Stories
2
Total area
21,338 SF
Lot
1.94 ac (84,594 SF)
APN
318-433-01-002-001
UPID
US66-0428476
Jurisdiction
DELAWARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.9M
RESTAURANT
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
YES
Cooling
Yes
Stories
2
Lot
1.94 ac
Current owner
From public records · entity-resolved
1080 Polaris Parkway LLC
Entity
Mailing address
1080 POLARIS PKWY, COLUMBUS, OH 43240-6035
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
—
1080 Polaris Parkway LLC
Ivb LLC
Deed
$4,952,352 · S & T Bank
Jan 22, 2018
$2,090,000
Ivb LLC
B/t Gsr Polaris Properties LLC
Grant Deed
—
Apr 21, 2015
—
B T Gsr Polaris Properties LLC
Gay Street Polaris LLC
Warranty Deed
—
Jun 23, 2010
—
Gay Street Polaris LLC
—
Deed Of Trust
related
$3,350,000 · Boothby Thun LLC
Jul 5, 2000
$5,850,000
Gay Street Polaris LLC Etal
Polaris Medical Ltd
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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