1900 Polaris PkwyColumbus, OH 43240

Property Details for 1900 Polaris Pkwy

Year built

1998

Lot size

8.71 AC

Property size (Sq ft)

163,190 SF

Property type

Office properties

Property subtype

Office buildings

APN

318-443-02-020-000

APU

31844302020000

Description

This six-story, 155,872 square foot office building, constructed in 1998, is located at the prestigious I-71 and Polaris Parkway interchange in Columbus, Ohio, zip code 43240. The property features a glass curtain wall exterior with architectural precast and stucco accents, a circular drive, and landscaped grounds. Recent renovations include a new parking lot, remodeled common areas (restrooms and corridors), LED lighting, and a new energy management system. The building offers key card access, exterior cameras, an ATM, and a covered outdoor patio. Suite sizes range from 3,870 to 8,346 contiguous square feet, with a total of 15,996 square feet currently vacant. The building is multi-tenant, with a minimum divisible space of 3,870 square feet. Amenities include monument signage and Mmelo, a first-floor restaurant offering indoor and outdoor seating, breakfast, lunch, and catering services. The location provides easy access to I-71 and I-270, and is surrounded by retail, services, dining, hotels, and residential developments. This well-maintained property offers an attractive environment for employees and visitors.

• CAP approach

  CAP return

  Valuation

  6%

  $30,736,942

  6.5%

  $28,372,562

  7%

  $26,345,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,264,793

  Geo Method

  $15,264,793

• Alternative Use

  Use

  Valuation

  Residential

  $35,181,976

  Hospitality

  $32,226,502

  Educational

  $26,812,072

  Medical

  $27,734,180

  Retail

  $41,707,668

Location Insight

City

Columbus

County

Delaware

State

Ohio

Latitude

40.1436

Longitude

-82.9683

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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