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Property profile & analytics
FOR LEASE
Medical Office Space
1120 Polaris Pkwy Columbus, OH 43240
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-5890705
For Lease
1 / 7
$14 SF/Yr
1120 Polaris Pkwy, Columbus, OH 43240
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Total area
30,535 SF
Lot
2.78 ac (121,010 SF)
APN
318-433-01-002-003
UPID
US66-5890705
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
-
Stephanie Briggs, DDS Dental Office
-
Thriveworks Counseling Psychotherapist Child Psychologist
-
Aziz Haroon a MD Physician Medical Clinic
-
Joan Wurmbrand, MD Pediatrician Physician
-
Lem Smith Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$3.07M
Owner & transaction history
Polaris Medical Ltd · 5 yrs held
Polaris Medical Ltd
since 2021
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.8M
+17.4%
Apartment house (5+ units)
$4.4M
+7.4%
Office building
$4.4M
+5.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,125,000
Current use
AUTO REPAIR, GARAGE
$4,840,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,425,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$4,360,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,300,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±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
$100 / 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
$87,903
Tax year 2023
Assessed value
$1,295,150
Assessed 2023
Previous assessed
$1,166,700
+11.0% YoY
Effective rate
6.79%
On assessed value
Assessed land
$330,580
Assessed improvement
$964,570
Land market value
$944,500
Improvement market value
$2,755,900
Total market value
$3,700,400
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
For Lease
Year built
1999
Heating
YES
Cooling
YES
Stories
2
Total area
30,535 SF
Lot
2.78 ac (121,010 SF)
APN
318-433-01-002-003
UPID
US66-5890705
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
$4.1M
AUTO REPAIR, GARAGE
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
MEDICAL BUILDING Current
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
1999
Heating
YES
Cooling
Yes
Stories
2
Lot
2.78 ac
Current owner
From public records · entity-resolved
Polaris Medical Ltd
Individual
Mailing address
1120 POLARIS PKWY, COLUMBUS, OH 43240-4042
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2021
—
Polaris Medical Ltd
—
Deed
related
$3,200,000 · Woodmen Of The World Life Insurnce Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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