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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Retail space
921 Polaris Pkwy Columbus, OH 43240-2035
Entity Owned
~
Est. High Equity
Property ID
US66-2634779
Property summary
AI-generated overview
This exceptional retail opportunity is located at 921 Polaris Parkway in Columbus, Ohio, zip code 43240. The property consists of a well-maintained two-tenant building totaling 9,260 square feet. Currently, 2,700 square feet is occupied by a salon, leaving 6,560 square feet of vacant space, previously occupied by a rug retailer. The vacant space offers a versatile, open floor plan ideal for a variety of retail uses. The building enjoys excellent visibility and high traffic counts, with over 53,428 vehicles passing daily on Polaris Parkway. This prime location benefits from a strong demographic profile, boasting over 73,000 residents within a three-mile radius, exhibiting an average household income exceeding $110,000. The lease type is NNN (Net, Net, Net), and the tenancy is multi-tenant. This presents a unique chance to establish or expand your business in a thriving commercial area of Columbus, Ohio. The property is available for lease or sale. The property is situated in Delaware County.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Total area
9,260 SF
Lot
1 ac (43,560 SF)
APN
318-341-03-010-010
UPID
US66-2634779
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$929k
Blend (final)
Blend
$790k
Owner & transaction history
Cela & Cani LLC
Cela & Cani LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+25.8%
Neighborhood: shopping center
$1.0M
+0.7%
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
RETAIL STORES
$995,000
Current use
MEDICAL BUILDING
$1,250,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,000,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$900,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$85 / 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
$33,117
Tax year 2023
Assessed value
$487,940
Assessed 2023
Previous assessed
$375,070
+30.1% YoY
Effective rate
6.79%
On assessed value
Assessed land
$182,950
Assessed improvement
$304,990
Land market value
$522,700
Improvement market value
$871,400
Total market value
$1,394,100
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
2003
Heating
YES
Cooling
YES
Stories
1
Total area
9,260 SF
Lot
1 ac (43,560 SF)
APN
318-341-03-010-010
UPID
US66-2634779
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
$995,000
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$900,000
RETAIL STORES Current
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
2003
Heating
YES
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Cela & Cani LLC
Entity
Mailing address
921 POLARIS PKWY, COLUMBUS, OH 43240-2035
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2026
$15,930
Cela & Cani LLC
Polaris Azia LLC
Deed
—
Oct 13, 2025
—
City Of Columbus
Polaris Azia LLC
Warranty Deed
—
Dec 31, 2020
—
Polaris Azia LLC
—
Deed
related
$100,000 · Buckeye State Bank
Sep 28, 2020
—
Polaris Azia LLC
—
Deed
related
$342,000 · Buckeye State Bank
Dec 4, 2017
—
Polaris Azia LLC
Behrooz Saberi
Deed
$360,000 · Pnc Bank
May 8, 2008
$575,400
Azia Oriental Rugs LLC
Polaris Azia LLC
Grant Deed
related
—
—
—
Saberi Family Trust
—
Deed Of Trust
related
$600,000 · J P Morgan Chase Bank
—
—
Azia Oriental Rugs LLC
—
Deed Of Trust
related
$100,000 · Pnc Bank
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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