1080 Polaris PkwyColumbus, OH 43240

Property Details for 1080 Polaris Pkwy

Year built

1998

Lot size

1.94 AC

Property size (Sq ft)

21,338 SF

Property type

Medical offices

Property subtype

Medical centers

APN

318-433-01-002-001

APU

31843301002001

Description

This exceptional Class A office building, located at 1080 Polaris Parkway in Columbus, Ohio, presents a compelling investment opportunity. The 20,505 square foot property sits on a 1.94-acre lot and boasts a 6.88% cap rate with a Net Operating Income (NOI) of $464,283. Currently 100% occupied by a diverse tenant mix including a surgery center and two dental practices, this multi-tenant building offers excellent stability and potential for future growth. Built in 1999, the two-story structure features 121 parking spaces, ensuring ample convenience for tenants and visitors. Its prime location offers high visibility along Polaris Parkway, with easy access to major thoroughfares like I-71, I-270, and SR 23, and proximity to the Polaris Fashion Mall and other area amenities. The property is zoned LC2 and features all suites renovated within the last five years. This owner/user investment opportunity is ideal for those seeking a high-performing asset in a thriving Columbus submarket. The asking price is $6,750,000. The property's APN is 318-433-01-002-001. This is a turnkey investment with strong cash flow and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $4,279,826

  6.5%

  $3,950,608

  7%

  $3,668,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,995,956

  Geo Method

  $1,995,956

• Alternative Use

  Use

  Valuation

  Residential

  $4,898,754

  Hospitality

  $4,487,232

  Educational

  $3,733,324

  Medical

  $3,861,719

  Retail

  $5,807,394

Location Insight

City

Columbus

County

Delaware

State

Ohio

Latitude

40.1453

Longitude

-82.9904

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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