27-Hole Golf Course With
For Sale
$2,850,000
5535 Wesch Rd, Brooklyn, MI 49230
Agricultural-zoned golf property combines a renovated dining venue with varied terrain and water features.
Property Size22,000 SF
Price / SF$129.55
Days on Market426
Property Features for 5535 Wesch Rd
General Information
Standard status
Active
Size
22,000 SF
Property subtype
Other
Zoning
AG-1
Building Details
Building Size
22,000 SF
Year Built
1992
Year Renovated
2024
Buildings
1
Stories
1
Listing Agency:
KW Domain | Birmingham
(248) 830-4300
Listed By:
Joseph Bologna
(248) 830-4300
Source:
Cpix.resimplifi
Added: Jul 1, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:14PM
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 KW Domain | Birmingham
Investment Insights
Based on property information with market context.
This golf property spans 214 acres and includes a 27-hole course shaped by rolling hills, mature pines, hardwoods, sand areas, and water hazards. The improvements include a clubhouse restaurant that has been renovated within the past three years, with nine televisions and a Bottoms-Up Kegerator. The property was built in 1992 and carries AG-1 zoning.
The course is positioned beside Clark Lake and between Clark Lake and Columbia Lake. Its clubhouse combines golf-related facilities with a dining setting that includes a timber-lined interior, supporting both meal service and televised sports viewing. The site offers a substantial recreational property with an established restaurant component and varied natural features.
The course is positioned beside Clark Lake and between Clark Lake and Columbia Lake. Its clubhouse combines golf-related facilities with a dining setting that includes a timber-lined interior, supporting both meal service and televised sports viewing. The site offers a substantial recreational property with an established restaurant component and varied natural features.
Key Highlights
- 27‑hole golf course on 214 acres
- Renovated clubhouse restaurant with 9 TVs
- Bottoms‑Up Kegerator in the restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$209,029
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,180,580
$4.2M
Cap Rate 7%
$2,986,129
$3.0M
Cap Rate 9%
$2,322,544
$2.3M
Market Conditions
NOI Build-Up for 22,000 SF
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.
Gross rent
$303.6K $13.80/SF
− Vacancy
−$24.9K −$1.13/SF
EGI
$278.7K $12.67/SF
− OpEx
−$69.7K −$3.17/SF
NOI
$209.0K $9.50/SF
Area
Jackson County, MI
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,180,580
Cap Rate 7%
$2,986,129
Cap Rate 9%
$2,322,544
Alternative Uses
Best Use
Specialty Retail
$2.99M
$2.61M – $3.48M
NOI $209,029 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,837 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 49230, MI
10,364
Population
6,108
Households
1.7
Avg Household Size
52
Median Age
27%
College-Educated
96%
High-School Grad
64.0 sq mi
ZIP Area
162
Density / Sq Mi
$81,052
Median Household Income
$52,448
Median Earnings
$1,116
Median Rent
$252,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Golf course & driving range - Agricultural-zoned golf property combines a renovated dining venue with varied terrain and water features.
Where is this golf course & driving range located?
The property is located at 5535 Wesch Rd Brooklyn, MI.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 27‑hole golf course on 214 acres; Renovated clubhouse restaurant with 9 TVs; Bottoms‑Up Kegerator in the restaurant
