Golf Course with Redevelopment
For Sale
$550,000
305 Lipan, Weatherford, TX 76087
62+ acre golf course property with spacious clubhouse.
Property Size5,818 SF
Lot Size62.00 Acres
Price / SF$94.53
Days on Market101
Property Features for 305 Lipan
General Information
Standard status
Active
Size
5,818 SF
Lot size
62.00 Acres
Property subtype
Commercial
Building Details
Year Built
1972
Listing Agency:
All City Real Estate, Ltd Co
(866) 277-6005
Listed By:
Christina Touchette · License #0635927
(817) 401-6849
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 9:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of All City Real Estate, Ltd Co
Investment Insights
Based on property information with market context.
This 62+ acre property features a 9-hole golf course with 12 operational golf carts and existing equipment. Originally built in 1972, the property includes a spacious clubhouse with grand ceilings, large wooden beams, a massive fireplace, two office spaces, multiple bathrooms, and a large restaurant space. The clubhouse could be renovated into an event venue, revitalized as a restaurant, or used as a dance floor space. The property also contains a large community pool that is not currently in use, as well as old tennis courts ready for renovation. A secondary community pool and center are located on the back side of the course, offering potential for additional rentable space or amenities. Several working water wells are located on the property, eliminating water bills, with an additional well under the windmill at the community center. The property was recently used as a filming site for several of Taylor Sheridan's films. The versatile layout and expansive acreage offer potential for a wedding venue, private club, resort-style destination, or mixed-use development.
Key Highlights
- 62+ acre golf course property with existing 9‑hole course and equipment
- Spacious clubhouse boasts grand ceilings, large wooden beams, and a massive fireplace, ideal for event venue, restaurant, or nightclub
- Multiple working water wells on the property eliminate water bills
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.3k | $15.00 |
| − Vacancy | −$10.5k | −$1.80 |
| EGI | $76.8k | $13.20 |
| − OpEx | −$40.3k | −$6.93 |
| NOI | $36.5k | $6.27 |
5,818 SF · lease $15.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$521.1K
$456.0K – $608.0K
NOI $36,479 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$5.78M
$5.06M – $6.74M
NOI $404,678 @ 7.0% cap · market cap 73.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 76087, TX
33,346
Population
13,290
Households
2.5
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
185.5 sq mi
ZIP Area
180
Density / Sq Mi
$108,499
Median Household Income
$59,622
Median Earnings
$1,775
Median Rent
$352,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Golf course & driving range - 62+ acre golf course property with spacious clubhouse.
Where is this golf course & driving range located?
The property is located at 305 Lipan Weatherford, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 62+ acre golf course property with existing 9‑hole course and equipment; Spacious clubhouse boasts grand ceilings, large wooden beams, and a massive fireplace, ideal for event venue, restaurant, or nightclub; Multiple working water wells on the property eliminate water bills
