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Property profile & analytics
OFF-MARKET
Estimated value
$10,700,000
Retail space
1170 Polaris Pkwy, Columbus, OH 43240-2024
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1912848
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
111,140 SF
Lot
11.13 ac (484,692 SF)
APN
318-433-01-001-008
UPID
US66-1912848
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
-
Spirit Halloween (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.26M
Blend (final)
Blend
$10.70M
Owner & transaction history
Rcg Columbus Pm LLC · 1 yrs held
Rcg Columbus Pm LLC
since 2025
Last sale
$12.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.6M
+47.8%
Apartment house (5+ units)
$16.1M
+35.1%
Office building
$15.9M
+33.0%
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
$11,820,000
ML approach
$8,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$11,930,000
Current use
AUTO REPAIR, GARAGE
$17,625,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$16,110,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$15,865,000
Change: +33% · Conversion: Easy
MEDICAL BUILDING
$15,005,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,010,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,790,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$10.70M
Range $9.63M – $11.77M · ±10% · vs last sale $12.52M (May 6 2025)
Last sale anchor
$12.52M
May 6 2025
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
$96 / 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
$294,560
Tax year 2023
Assessed value
$4,340,000
Assessed 2023
Previous assessed
$4,882,500
-11.1% YoY
Effective rate
6.79%
On assessed value
Assessed land
$1,914,010
Assessed improvement
$2,425,990
Land market value
$5,468,600
Improvement market value
$6,931,400
Total market value
$12,400,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
YES
Cooling
YES
Stories
1
Total area
111,140 SF
Lot
11.13 ac (484,692 SF)
APN
318-433-01-001-008
UPID
US66-1912848
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
RETAIL STORES Current
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$17.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.1M
OFFICE BUILDING
Est. value
$15.9M
MEDICAL BUILDING
Est. value
$15.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.0M
COMMERCIAL (GENERAL)
Est. value
$10.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2004
Heating
YES
Cooling
Yes
Stories
1
Lot
11.13 ac
Current owner
From public records · entity-resolved
Rcg Columbus Pm LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1170 POLARIS PKWY, COLUMBUS, OH 43240-2024
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
$12,523,000
Rcg Columbus Pm LLC
Arg Mpcoloh001 LLC
Deed
—
Mar 30, 2022
$14,473,966
Arg Mpcoloh001 LLC
Cole Mt C0lumbus Oh LLC
Limited Warranty Deed
—
Dec 13, 2013
$58,400,000
Cole Mt Columbus Oh LLC
Rpai Columbus Polaris LLC
Grant Deed
—
Dec 5, 2005
—
Inland Western Columbus Polaris LLC
Market At Polaris LLC
Limited Warranty Deed
—
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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