1070 Polaris PkwyColumbus, OH 43240

Property Details for 1070 Polaris Pkwy

Year built

1998

Lot size

1.58 AC

Property size (Sq ft)

21,338 SF

Property type

Office properties

Property subtype

Office buildings

APN

318-432-01-010-001

APU

31843201010001

Description

This exceptional 8,561 square foot office building, located at 1070 Polaris Parkway in Columbus, Ohio, presents a unique investment opportunity. Situated on 1.61 acres within the Polaris Center of Commerce, a master-planned development encompassing over 8 million square feet, this Class B property offers immediate occupancy with its entirely vacant space. Built in 1998, the single-building property is zoned LC4 and features flexible space options, with a minimum divisible unit of 1,227 square feet and a maximum contiguous space of 2,511 square feet. Its location within the thriving Polaris submarket of Delaware County provides unparalleled access to a robust business community, including major employers like JP Morgan Chase, and a wealth of amenities such as Polaris Fashion Place and numerous restaurants and services. The property's strategic position within a 20-mile trade area ensures high visibility and accessibility for businesses of all sizes. This is an ideal location for executive office suites or medical practices seeking a prestigious address in a dynamic and well-established commercial center. The property's address is 1070 Polaris Pkwy, Columbus, OH 43240. The APN is 31843201010001.

• CAP approach

  CAP return

  Valuation

  6%

  $4,366,859

  6.5%

  $4,030,947

  7%

  $3,743,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,995,956

  Geo Method

  $1,995,956

• Alternative Use

  Use

  Valuation

  Residential

  $4,998,374

  Hospitality

  $4,578,484

  Educational

  $3,809,245

  Medical

  $3,940,250

  Retail

  $5,925,492

Location Insight

City

Columbus

County

Delaware

State

Ohio

Latitude

40.1458

Longitude

-82.9909

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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