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    500 Roscommon Dr Springfield, OH 45503

    • Golf courses & driving ranges
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Derby at Windy Knoll / Banquet Hall
    • Mad River Region / Non-Profit Organization
    • Windy Knoll Golf Club / Golf Course

    Property Details for 500 Roscommon Dr

    Property type
    Golf courses & driving ranges
    Property subtype
    Sports & entertainment properties

    Description

    Significant Opportunity: Over 140+/- Premier Acres in Central Ohio - Zoned for Residential Development or Retain as Popular Golf Course in Rapidly Growing Springfield Ohio Potential Uses: Popular Links-Style Golf Club - Single Family Residential - Multi-Family & Senior Living - Complex Potential Mixed-Use Commercial/Multi-Family Development Popular Golf Course Opportunity: Windy Knoll Golf Club boasts a Loyal Following for nearly Three Decades - Links-Style Course (the Sole Links Course in Central Ohio) - Clubhouse, Restaurant & Events Center Enhance Seasonal Income! Surrounded by SFR & Senior Housing Course Highlights: Windy Knoll Golf Course features a challenging Links Style 18 hole golfing experience. The well maintained and exceptionally located course undulates gently to provide a fun experience for pros and amateurs alike. Constructed in 2001 by renowned course architect Brian Huntley, ASGCA the design is reminiscent of classic Scottish links-quality layouts of prominent UK courses. 6,820 yards of Spectacular Links-Style Golfing in Central Ohio Course rating of 70.4 and a slope rating of 128 Water and Sand Traps Abound throughout the Course Bent Grass Greens, Fairways and Tee Boxes Numerous Equipment, Storage and Ancillary Buildings throughout the Course Package of Maintenance Equipment - Carts & Inventory Available - Offered as a Package Sale-Contact Tranzon for Details Financial and Course Play Data Available - NDA Required Website to Windy Knoll Golf Club https://www.windyknollgolfclub.com/ Offered in its Entirety or Bid on any of 4 Separate Parcels to Craft your Optimum Investment! Parcel 1: 7.045+/- Acres w/Restaurant - Club House - Events Center & Expansion Room! Parcel 2: 56.314 +/- Acres of Manicured Development Land with Multiple Ingress/Egress Points Parcel 3: 13.68+/- Acres of Level Development - Great for Planning Housing & Multi-Family Parcel 4: 63.30+/- Acres Mixed Use Development Property - Access from Multiple Sites Utilities Adjacent/on Site - Water, Natural Gas, Sewer, Electric in Place Local Economic Incentives Potentially Available - Located in City of Springfield Intense Need for Housing: Scarcity of New Residential Development Offers Unique Opportunity for the Savvy Development Concern Motivated NY Based Ownership has Ordered this to be sold at auction - Be Prepared to Buy at Your Price! Close to Everything: Under 5 Minutes to the Heart of Springfield Shopping - Retail - Restaurant Options and Healthcare Central Location: Near Interstate 70, Adjacent to U.S. Route 68 & Easily Accessible to Springfield Downtown - Large Regional Employers & Mercy Health Regional Medical Center & More! Contact Tranzon for Further Details on Development Concept Layout & Highway Access information Numerous Potential Development Concept Plans Available - Survey, Plat, Title Commitment & More available Now. Note: Portion of Course in Flood Zone - Contact Tranzon for Details & Mapping. Clear Title Guaranteed - Title Commitment Available - Survey & Plat Recorded Posted Price is not relevant. PRICE WILL BE DETERMINED AT AUCTION. Selling in cooperation with Cushman & Wakefield - Don Murphy, CCIM | Nathan Murphy, William Thurner & Sherief Gouda. Tranzon Asset Advisors, Edward D. Durnil, OH Auctioneer/Broker #200800096 10% Buyers Premium and other terms apply. Online Bidding Ends: December 10th at 3:00pm ET. Inspection: December 3rd at 12:00pm ET and December 9th at 12:00pm ET Property Address: 500 Roscommon Drive Springfield, OH 45503 Contact Edward Durnil at 866-243-8243 or [email protected]

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    State
    Ohio
    Longitude
    -83.817725434315
    Latitude
    39.9645689

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    500 Roscommon Dr
    Springfield, OH 45503
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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