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 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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