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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2085 Polaris Pkwy Columbus, OH 43240-2000

    • Drive through restaurants
    • 3,040 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1155509
    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.

    Current Use by Public Records

    • Raising Cane's Chicken Fingers / Fast Food Restaurant / American Restaurant

    Property Details for 2085 Polaris Pkwy

    Year built
    2008
    Lot size
    0.95 lot acres
    Property size
    3,040 SF
    Property type
    Drive through restaurants
    APN
    318-442-02-055-000
    APU
    31844202055000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9617
    Latitude
    40.1449
    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
    $27,589
    $203,630
    $202,860
    $406,490
    -
    $581,800
    $579,600
    $1,161,400

    Comparable in this City

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      2,220 SF

      2086 Polaris Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,220 SF
      2086 Polaris Pkwy, Columbus, OH 43240-2007
      View Details
    • Value Estimation by Request
      5,619 SF

      1170 Gemini Pl

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,619 SF
      1170 Gemini Pl, Columbus, OH 43240-6089
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    • Value Estimation by Request
      4,051 SF

      8787 Sancus Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,051 SF
      8787 Sancus Blvd, Columbus, OH 43240-2016
      View Details
    • Value Estimation by Request
      3,324 SF

      8555 Orion Pl

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,324 SF
      8555 Orion Pl, Columbus, OH 43240-4029
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    • Value Estimation by Request
      2,086 SF

      8685 Sancus Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,086 SF
      8685 Sancus Blvd, Columbus, OH 43240-4052
      View Details
    • Value Estimation by Request
      2,246 SF

      1388 Gemini Pl

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,246 SF
      1388 Gemini Pl, Columbus, OH 43240-7004
      View Details

    Similar Nearby for Sale

    • $3,300,000
      12,000 SF

      Retail Building Near Polaris Development

      12,000 sq ft building in the Polaris area.
      8600 Sancus Blvd, Columbus, OH 43240
      View Details
    • $1,025,000
      5,130 SF

      Polaris Area Flex/Retail/Office Building

      5,130 SF building ideal for flex, office, or retail.
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    • $7,145,000

      Retail Property on Polaris Parkway

      Retail property for sale on Polaris Parkway in Columbus, OH.
      1200 Polaris Pkwy, Columbus, OH 43240
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    • $3,300,000
      12,000 SF

      Columbus Shopping Center - $3.3M

      Vacant 12,000 SF Shopping Center in Columbus, OH
      8600 Sancus Blvd, Columbus, OH 43240
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    • $1,025,000
      5,130 SF

      Polaris Area Flex/Retail/Office Building

      5,130 SF building ideal for flex, office, or retail.
      9015 Antares Ave, Columbus, OH 43240
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    • Contact for pricing
      4,051 SF

      Retail Space on Sancus Blvd

      Retail space available on Sancus Blvd in Columbus, OH.
      8787 Sancus Blvd, Columbus, OH 43240
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    Similar Nearby for Lease

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      37,389 SF

      Galaxy at Polaris: Retail Space Available

      Columbus, OH Retail & Restaurant Space - Prime Polaris Location
      2130 Ikea Way, Columbus, OH 43240
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    • $58 SF/Yr
      3,450 SF

      Restaurant Space on Gemini Place

      3,450 SF restaurant space with high-end finishes.
      1478 Gemini Pl, Columbus, OH 43240
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    • Contact for pricing
      730,131 SF

      Polaris Towne Center Retail Space

      Columbus Retail Space: 2,486 sq ft available
      1161 Polaris Pkwy, Columbus, OH 43240
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      2,000 SF

      Mixed-Use Development with Retail Space

      Class A development featuring office, retail, residential, and hotel space.
      8924-8958 Lyra Dr, Columbus, OH 43240
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      21,989 SF

      Retail Space on Polaris Parkway

      Retail spaces available in high-traffic Columbus location.
      1069 Polaris Pkwy, Columbus, OH 43240
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    • Contact for pricing
      86,402 SF

      Capella Centre Retail Space

      Columbus, OH retail space available.
      8597-8757 Sancus Blvd, Columbus, OH 43240
      View Details
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    Columbus, OH 43240-2000
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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