8890 Lyra DrColumbus, OH 43240
- Commercial real estate
- 5.79 AC
Property Details for 8890 Lyra Dr
- Lot size
- 5.79 AC
- Property type
- Commercial real estate
- APN
- 318-431-01-017-007
- APU
- 31843101017007
Description
The Pointe at Polaris Phase II offers exceptional Class A executive office space in the highly desirable Polaris submarket of Columbus, OH. This 8-story building, part of a larger 20-acre mixed-use development, boasts a total of 37,343 square feet of office space, with a minimum divisible unit of 5,488 square feet. Currently, 12,016 square feet is immediately available for occupancy. The development features convenient structured parking with a ratio of 5 spaces per 1,000 square feet, ensuring ample parking for tenants and visitors. The property is zoned LC4 and benefits from its strategic location within a thriving community, offering easy access to a dynamic retail corridor and a blend of suburban convenience and urban amenities. The surrounding area includes luxury apartments and extensive retail space, creating a vibrant and attractive environment for businesses. This is an unparalleled opportunity to establish a presence in a premier Columbus location within a master-planned development that includes over 210,000 square feet of office space, 35,000 square feet of retail space, and 475 luxury apartments, all supported by two four-story parking garages. The development's scale and amenities make it an ideal location for businesses seeking a prestigious and convenient address.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $53,791,900
- 6.5%
- $49,654,000
- 7%
- $46,107,300
-
Comparable approach
- Method
- Valuation
- Relative Method
- $23,571,600
- Geo Method
- $23,571,600
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $99,537,300
- Retail / Commercial
- $50,693,800
- Mixed-Use / Specialty
- $50,238,500
- Hospitality / Lodging
- $36,500,900
- Office
- $49,654,000
- Institutional / Educational
- $52,129,600
- Residential Income
- $60,991,700
- Multifamily
- $74,672,300
- Automotive / Energy
- $44,682,600
- Parking / Income-Based Land
- $15,690,700
- Restaurant / Food Service
- $25,543,400
- Healthcare / Senior Housing
- $51,800,200
Location Insight
- City
- Columbus
- County
- Delaware
- State
- Ohio
- Latitude
- 40.1466
- Longitude
- -82.9733
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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