16571 W River Rd - Riverby Hills Golf Course
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16571 W River Rd - Riverby Hills Golf Course
3,000 SF Sports & Entertainment Building Offered at $3,285,000 at a 15.80% Cap Rate in Bowling Green, OH 43402
Investment Highlights
- T12 November 2024 Gross Revenue: $1.2M
- Consistent Cash Flow – Four Year Average (2021 – T-12): $414,043
- T12 Operating Margin: 43.2%
- T12 November 2024 EBITDA: $520K | EBITDA Multiple: 6.3x | Cap Rate: 15.8%
- Impressive Demographics: 10-Min. Drive Avg. HH Income: $137,784
- Revenue and EBITDA Continued Upward trend Through September 2024
Executive Summary
We are pleased to offer the opportunity to acquire the fee simple interest in Riverby Hills Golf Club located in Bowling Green, Ohio. This daily fee club features an 18-hole championship-caliber golf course and practice facility in a classic “Parkland” setting.
The efficient 3,200 SF clubhouse features a pro shop, bar & grill, locker rooms, offices, and a covered patio. A separate 3,000 SF events building features banquet space with a full-service kitchen and bar. Other structures include a cart storage building and maintenance facilities.
The Par 72 golf course features a mix of bent / poa annua grass from tee to green and is maintained in excellent condition. The Championship tees play at 6,853 yards with a course rating of 72.4 and a slope of 130.
The efficient 3,200 SF clubhouse features a pro shop, bar & grill, locker rooms, offices, and a covered patio. A separate 3,000 SF events building features banquet space with a full-service kitchen and bar. Other structures include a cart storage building and maintenance facilities.
The Par 72 golf course features a mix of bent / poa annua grass from tee to green and is maintained in excellent condition. The Championship tees play at 6,853 yards with a course rating of 72.4 and a slope of 130.
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Property Facts
| Price | $3,285,000 | Building Class | C |
| Price Per SF | $1,095 | Lot Size | 182.00 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 15.80% | No. Stories | 1 |
| Property Type | Sports & Entertainment | Year Built | 1920 |
| Property Subtype | Golf Course/Driving Range | Parking Ratio | 10/1,000 SF |
| Price | $3,285,000 |
| Price Per SF | $1,095 |
| Sale Type | Investment |
| Cap Rate | 15.80% |
| Property Type | Sports & Entertainment |
| Property Subtype | Golf Course/Driving Range |
| Building Class | C |
| Lot Size | 182.00 AC |
| Building Size | 3,000 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Parking Ratio | 10/1,000 SF |
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PROPERTY TAXES
| Parcel Number | J34-100-442000012500 | Improvements Assessment | $254,940 |
| Land Assessment | $145,150 | Total Assessment | $400,090 |
PROPERTY TAXES
Parcel Number
J34-100-442000012500
Land Assessment
$145,150
Improvements Assessment
$254,940
Total Assessment
$400,090
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16571 W River Rd - Riverby Hills Golf Course
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