introduction - golf property analysts · 2019-10-02 · 1-bedroom rental cottages, maintenance...
Post on 06-Aug-2020
4 Views
Preview:
TRANSCRIPT
INTRODUCTION
THE WOODSHedgesville, WV
36-hole Golf Facility
For Sale
INVESTMENT HIGHLIGHTS
❑ 18-hole Championship Golf Course❑ 18-hole Mid-length Golf Course❑ 17,000 SF Sports Center with indoor pool❑ 9 cottages for overnight lodging❑ 90 Minutes from Washington, DC &
Baltimore, MD
Offered for Sale
Property Tours can be arranged through Golf Property Analysts
Golf Property Analysts is pleased to represent and offer for sale The Woods in Hedgesville, WV. The Woods offers Mountain View, an 18-hole championship course and Stony Lick, an 18-hole mid-length course . The property also boasts a clubhouse, sports center, sales center, six 4-bedroom rental cottages, three 1-bedroom rental cottages, maintenance building, cart storage buildings, tennis, swimming pools, ball field and pavilion .
Property Address 1630 The Woods RoadType of Club Semi-Private# of Holes 36Land Area 340± AcresCourse Architect Ray S. JohnstonYear Built 1989Clubhouse 5,600 SFAverage Annual Rounds 24,000# of Golf Members 552# of Sports (non-golf) Members 296Gross Revenue (2018) $3,600,000
OFFERING SUMMARY
LOCATION
DEMOGRAPHICS
The Woods
DEMOGRAPHIC SUMMARY
15 minutes 30 minutes 90 minutes County WV USA
POPULATION
2000 Total Population 2,943 37,442 886,808 75,907 1,808,358 281,399,034
2010 Total Population 3,543 46,653 1,078,522 104,169 1,852,994 308,745,538
2018 Total Population Projection 3,889 50,660 1,154,619 115,679 1,813,619 326,955,948
2023 Total Population Projection 4,116 54,627 1,202,679 124,878 1,764,785 338,366,389
2000-2010 Population: AGR 2.04% 2.46% 2.16% 3.72% 0.25% 0.97%
2010-2018 Population: AGR 1.40% 1.23% 1.01% 1.58% -0.30% 0.84%
2018-2023 Population: AGR 1.17% 1.57% 0.83% 1.59% -0.54% 0.70%
HOUSEHOLD
2000 Total Households 1,132 15,450 337,612 29,567 736,484 105,471,527
2010 Total Households 1,394 18,752 405,543 39,855 763,831 116,716,292
2018 Total Households Projected 1,575 20,723 439,891 44,889 767,323 125,541,798
2023 Total Households Projected 1,657 22,164 464,274 47,997 773,676 131,066,156
2000-2010 Household: AGR 2.31% 2.14% 2.01% 3.48% 0.37% 1.07%
2010-2018 Household: AGR 1.85% 1.50% 1.21% 1.80% 0.07% 1.08%
2018-2023 Household: AGR 1.04% 1.39% 1.11% 1.38% 0.17% 0.88%
MEDIAN HOME VALUE
2018 Median Home Value zip code 25427 $178,700 $217,500 $97,699 $207,344
MEDIAN AGE
2010 Median Age 43.3 38.6 38.5 37.5 41.3 37.1
2018 Median Age 46.1 40.5 39.7 38.8 42.2 38.2
2023 Median Age 46.8 41.7 40.2 40 42.3 38.9
INCOME
2018 Average Household Income $64,498 $64,031 $91,071 $73,074 $63,026 $87,119
2023 Average Household Income $73,037 $70,941 $104,864 $81,518 $75,489 $102,840
2018 Median Household Income $63,543 $53,304 $70,112 $61,631 $45,648 $60,523
2023 Median Household Income $72,601 $60,438 $80,684 $70,435 $52,055 $69,473
2018 Per Capita Income $26,131 $26,250 $34,959 $28,400 $26,863 $33,690
Data from Applied Geographic Solutions
2018 Golfing Households' Participation DataMarket County WV USA
2018 Total Households 439,891 44,889 767,323 125,541,798Golfing Households 47,839 4,844 74,740 17,715,770Seasonal Golfing Households 1,103 212 3,394 732,403Household Participation Rate 10.80% 10.80% 9.7% 13.70%
2018 Golfer's Participation DataMarket County WV USA
2018 Population 1,154,619 115,679 1,813,619 326,955,948Number of Golfers 77,323 7,001 96,979 23,832,340Percentage of Golfers in Population 6.70% 6.05% 5.35% 7.2%Potential Rounds per Year (residents)
1,380,240 116,392 1,862,563 455,963,000
Rounds per Resident per Year 18 17 19 19Data Supplied by Applied Geographic Solutions
SITE
SITE CHARACTERISTICS
SIZE (AC.): 340± LANDSCAPING: Average
TOPO: Hilly UTILITIES:Gas, Elec, Phone, Cable, Water/Sewer
FRONTAGE: State Roads LEASED: No
ZONING: Non-zoned LIGHTING Parking Lot
RESTRICTIVE
COVENANTS:None Observed EASEMENTS: Water, Sewer
ENVIRONM.: None WETLANDS: Minimal designated
PARKING: 559COMMENTS:
WATER: Public
UTILITIES
Service Public/Private Provider
Drinking Water Public Berkeley Co. Water District
Sewer Public Berkeley Co. Water District
Gas Private Bottled Gas
Electric Public Potomac Edison
Telephone Public Comcast or Frontier
GOLF COURSE
GOLF COURSE IMPROVEMENTSFacility SummaryFacility Type: SPR Year Opened: 1989No. Holes: 36 Architect: Ray S. Johnston
Course Design:Mountain Course Layout: Single Fairway non-
returning Nines
Practice Range:Yes Green
Construction:USGA
Putting Green: Yes Chipping Green Yes
TURFGRASS Greens Tees Fairways Roughs Bunkers
# of: 38 36 36 56
Total Acreage 5.8 acres 3.3 acres 30 acres acres acres
Type of grassing Bent/Poa Annua Ryegrass Ryegrass Ryegrass
Construction USGA Sand MixNative topsoil
Native topsoil
Condition Excellent Good Good Average Average
Practice FacilitiesLength (yards) 250-300 yards Width (yards) 75-100 yardsTee Surface Grass & Mats Chipping Green? YesTee Area 0.9 Acres Annual # of Balls Hit Unknown# of Stations? 11-20 Practice Green? Yes# of Targets 3 - 7 Irrigation YesPractice Bunker? Yes Is there lighting? No
IRRIGATION, WATER, MAINTENANCE
Irrigation
Water Source Pond(s) Water Permits No
Restrictions N/A # of Ponds 10 (9 on course)
Water Storage 11,700,000 gallons Pump Cap./GPM: 600 gpm
Cost of Water (if any) N/AAnnual Water Usage:
4 to 10 million
gallons
Irrigation System
Make Toro Auto/Manual Automatic
Design/Config. Single RowAge/Cond. of System:
1989 Fair
Electric/Hydraulic Electric Age/Cond. Pipes: 1989 Average
Pipe Material PVCAge/Cond. Mechanicals:
1989 Average
# of Pumps: 2Age/Cond. Electronics:
2005 Average
Size (HP) of Pumps: 75 & 25Age/Cond. Of Pumps:
1989 Fair
# Controllers/Heads: 22/500+ Notes:Expanded in ’94 and ’05.
SCORECARD – MOUNTAIN VIEW
SCORECARD – STONY LICK
CLUBHOUSE
Clubhouse
Year Built:
1989 Do you have an alarm
system?
Yes
Sprinkler System: NoOverall condition of
building?
Good Exterior Lighting: Yes
Size of Clubhouse (SF) 5,600 Dining Room Capacity:# of stories 2 Seating capacity in grille: 100
Foundation:Concrete Block Seating cap. in banquet
area:Façade : Wood Siding # of Men’s lockersRoof type: Shingle # of Women’s lockersLayout – Main Level Restaurant & bar areasLayout - Lower Level Pro Shop, Men’s and Women’s locker rooms
Pro ShopIs the pro shop located
within the clubhouse?Yes
Bag storage? If so,
what is the capacity?No
SF size of the pro
shop?900 Club Repair No
Is the pro shop visible
from the golf course?Yes Year Built 1989
MAINTENANCE FACILITY
Maintenance Building & Yard
SF size of building? 5,240Separate/Secure
Chemical StorageNo
Year Built: 1989 Containment Adequacy? InadequateFaçade of building? Wood Siding Supply storage YesType of floor? Concrete # of overhead doors? 4
Type of interior lighting? FluorescentSize of maintenance
yard?Superintendent Office: Yes Yard Fencing: NoShower Facilities Yes Is the yard paved? NoHeated Space (SF): # of fuel tanks 3Capacity of Tanks 500 each Above /Underground? AboveIs there an equipment
wash area/discharge?Yes
Is the maintenance yard
visible from the course?No
Cold Storage Area (SF) None Clipping Dump Site(s) NoDoes it have a mechanics
bay (how many)?Yes Do you have a nursery? No
OTHER BUILDINGS & FACILITIES
Building Schedule
Building#
Size (SF) Age Stories Facade
Clubhouse 1 5,600 1989 2 Wood Siding
Maintenance 2 5,240 1989 1 Wood Siding
Cart Storage 2 3,500 1989/2005 1 Wood Siding
Tennis 5 1970's 1 Aluminum Siding
Pump House 1 320 1989 1 Wood Siding
On-Course Rest 5Approx. 748 SF
each1989, 1994, 2005,
2007, 20141 Wood Siding
Sales building 1 5,300 1970's 2 Wood Siding
Lodging 96 @ 1,600 SF and 3
@ 560 SF
(3) 1980 -Renov. 2004
(2) 1988 – Renov. 2016 & 2017
(2) 2000(2) 2002
1Wood & vinyl siding
Starter 1 100 2005 1 Wood Siding
Athletic/Tennis 1 17,0001983, renovated
20041 Aluminum Siding
Outdoor Pool 2 25 meters each 1970’s / 1994 1
Indoor Pool 1 1,200 Aluminum Siding
Notes:Please note that the golf course was built in 3 phases. The original 18 holes opened in 1989. The course was expanded to 27 holes in 1994 and to 36 holes in 2005.
RECENT PERFORMANCE
Course Activity2018 2017 2016
Total # of Rounds 20,159 24,557 23,702Total # of Cart Rounds 14,672 18,637 17,841% of Member Rounds 7,445 9,679 9,302% of Guest Rounds 12,714 14,878 14,440% of Outing Rounds
Club Activity2018 2017 2016
Total # of Weddings N/A N/A N/AAverage Size Weddings# of Other BanquetsAvg. Size Banquets# of Golf Outings 26 19 18# of Outings Booked for
upcoming
year/comments:
24 golf outings in 2019
FOR ADDITIONAL INFORMATION
Larry Hirsh, CRE, MAI, SGAPresidentGolf Property Analysts925 Fayette StreetConshohocken, PA 19428610-397-1818Larry@golfprop.comwww.golfprop.com
top related