Groups defined by presentations for which the components of the corresponding star graph are the incidence graphs of generalized polygons are of interest as they are small cancellation groups that – via results of Edjvet and Vdovina – are fundamental groups of polyhedra with the generalized polygons as links and so act on Euclidean or hyperbolic buildings; in the hyperbolic case the groups are SQ-universal. A cyclic presentation of a group is a presentation with an equal number of generators and relators that admits a particular cyclic symmetry. We obtain a classification of the concise cyclic presentations where the components of the corresponding star graph are generalized polygons. The classification reveals that both connected and disconnected star graphs are possible and that only generalized triangles (i.e. incidence graphs of projective planes) and regular complete bipartite graphs arise as the components. We list the presentations that arise in the Euclidean case and show that at most two of the corresponding groups are not SQ-universal (one of which is not SQ-universal, the other is unresolved). We obtain results that show that many of the SQ-universal groups are large.