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

    8500 Sancus Blvd Columbus, OH 43240-2015

    • Specialty properties
    • 5,272 SF
    • 17.55 lot acres
    OFF-MARKET
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5255401
    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

    • The Edge at Polaris / Apartment Complex

    Property Details for 8500 Sancus Blvd

    Year built
    2020
    Lot size
    17.55 lot acres
    Property size
    5,272 SF
    Property type
    Specialty properties
    APN
    318-433-01-009-004
    APU
    31843301009004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $765,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $488,000
      Market price range: $182k - $489k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $610,000
      APARTMENT HOUSE (5+ UNITS)
      $480,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9902
    Latitude
    40.1377
    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
    $883,500
    $1,842,860
    $11,174,490
    $13,017,350
    -
    $5,265,300
    $31,927,100
    $37,192,400

    Comparable in this City

    • Value Estimation by Request
      1,878 SF

      961 Shaula Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,878 SF
      961 Shaula Dr, Columbus, OH 43240-2161
      View Details
    • Value Estimation by Request
      1,456 SF

      9050 Polaris Lks Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,456 SF
      9050 Polaris Lks Dr, Columbus, OH 43240-4069
      View Details
    • Value Estimation
      $505,000
      249,112 SF

      8900 Lyra Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 249,112 SF
      8900 Lyra Dr, Columbus, OH 43240-2252
      View Details
    • Value Estimation
      $395,000
      5,184 SF

      601 Flarestar Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,184 SF
      601 Flarestar Ave, Columbus, OH 43240-2264
      View Details
    • Value Estimation
      $515,000
      22,893 SF

      801 Polaris Pkwy

      PROFESSIONAL CLUBS/ASSOCIATIONS • 22,893 SF
      801 Polaris Pkwy, Columbus, OH 43240-2256
      View Details
    • Value Estimation by Request
      3,976 SF

      1350 Gage St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,976 SF
      1350 Gage St, Columbus, OH 43240-8004
      View Details

    Similar Nearby for Sale

    • $900,000
      1 SF

      Polaris Fashion Place Retail Pad

      Prime 1.62-acre retail lot near Polaris Fashion Place.
      1292 Polaris Pkwy, Columbus, OH 43240
      View Details
    • $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.
      9015 Antares Ave, Columbus, OH 43240
      View Details
    • $7,145,000

      Retail Property on Polaris Parkway

      Retail property for sale on Polaris Parkway in Columbus, OH.
      1200 Polaris Pkwy, Columbus, OH 43240
      View Details
    • $6,995,000

      7.76± Acres Prime Land

      Land for sale near I-71 and Polaris Parkway.
      8350 Lyra Dr, Columbus, OH 43240
      View Details
    • Contact for pricing
      69,662 SF

      Polaris Area Retail Opportunity

      Retail property in the Polaris area of Columbus, Ohio.
      1551 Gemini Pl, Columbus, OH 43240
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      28,947 SF

      Prime Polaris Executive Office Space

      Columbus Office Building - 28,947 SF Available
      8760 Orion Pl, Columbus, OH 43240
      View Details
    • 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
      View Details
    • Contact for pricing

      Land for Lease Columbus

      Land available for lease in Columbus, Ohio.
      Lyra Dr, Columbus, OH 43240
      View Details
    • $13 SF/Yr
      26,157 SF

      Spacious Office Space for Rent

      Large office space near Polaris Fashion Place with ample parking.
      8415 Pulsar Pl, Columbus, OH 43240
      View Details
    • Contact for pricing
      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
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space on Polaris Parkway

      Retail spaces available in high-traffic Columbus location.
      1025-1047 Polaris Pkwy, Columbus, OH 43240
      View Details
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    Columbus, OH 43240-2015
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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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