1080 Polaris Pkwy Columbus, OH 43240-6035
Property profile & analytics
1080 Polaris Pkwy Columbus, OH 43240-6035
- Medical Office Space
- 21,338 SF
- 1.94 lot acres
Property ID
US66-0428476
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.
Location Intelligence
Current Use by 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
Property Details for 1080 Polaris Pkwy
- Year built
- 1998
- Lot size
- 1.94 lot acres
- Property size
- 21,338 SF
- Property type
- Medical Office Space
- 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 Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,240,000
- 6.5%
- $3,915,000
- 7%
- $3,635,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,046,000
- AI Estimate
- $1,827,000
Market price range: $1.95M - $4.14MMarket price range: $843k - $2.58M -
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
Get a detailed, property-specific estimation — fast and free
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
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
$69,208
$299,080
$720,620
$1,019,700
-
$854,500
$2,058,900
$2,913,400
