550 Polaris PkwyWesterville, OH 43082
- Office properties
- 150,641 SF
For Lease
$12.95/SF/YR
View listing
Property Details for 550 Polaris Pkwy
- Year built
- 2003
- Lot size
- 10.86 AC
- Property size (Sq ft)
- 150,641 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 318-441-01-003-005
- APU
- 31844101003005
Description
Westar II, a Class A, four-story office building totaling 150,641 square feet, offers executive office suites in the highly desirable Polaris submarket of Westerville, Ohio. Built in 2003, this single building sits on a 10.87-acre lot at 550 Polaris Parkway, zip code 43082, in Delaware County. The property boasts convenient access to Interstates 71 and 270, placing it minutes from Polaris Fashion Place, hotels, and restaurants. Multiple tenancy options are available, with spaces ranging from a minimum of 1,019 square feet to a maximum contiguous space of 11,050 square feet
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $28,373,330
- 6.5%
- $26,190,766
- 7%
- $24,319,998
-
Comparable approach
- Method
- Valuation
- Relative Method
- $14,090,959
- Geo Method
- $14,090,959
-
Alternative Use
- Use
- Valuation
- Residential
- $32,476,550
- Hospitality
- $29,748,346
- Educational
- $24,750,274
- Medical
- $25,601,474
- Retail
- $38,500,428
550 Polaris Pkwy, Westerville, Ohio
Location Insight
- City
- Westerville
- County
- Delaware
- State
- Ohio
- Latitude
- 40.1481
- Longitude
- -82.9479
- 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
$412,133
$646,730
$4,436,880
$5,083,610
-
$1,847,800
$12,676,800
$14,524,600
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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