Property profile

1000 Hl Dr Somers, NY 10589

OFF-MARKET
Golf courses & driving ranges
Property ID
US63-4372536
23.14 ac lot
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses a thriving 18-hole golf course designed by Geoffrey Cornish, spanning 6,349 yards with a par of 72. The property includes a full-service restaurant and banquet hall, perfectly situated atop West Hill in Somers, NY, and surrounded by over 2,600 condo units within the Heritage Hills community. Its convenient location offers easy access to I-684. The 15,000 square foot clubhouse and course have benefited from over $600,000 in capital improvements within the last four years. These upgrades include a new solar system and clubhouse roof, patio renovation and expansion, parking lot and cart path repairs, and significant greens improvements. The property is meticulously maintained. Included in the sale are two additional parcels, totaling 142 acres, and the property boasts town approvals for a cart barn addition suitable for a cafГ©, spa, golf simulators, or other retail ventures. Previously approved plans, now expired, exist for a swimming pool, cabanas, and tennis/pickleball courts. The total property tax for all three parcels is $52,902. The property utilizes oil heating. This is a rare chance to acquire a well-established and profitable golf course with significant expansion potential in a prime location.

Property profile

Verified
Property type Golf courses & driving ranges
Use group COUNTRY CLUB
Lot 23.14 ac (1,007,978 SF)
APN 555200 6.18-20-1.22
UPID US63-4372536

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort
  • Travel Agency
  • Restaurant
  • Golf Course
  • Electric Vehicle Charging Station

Location

1000 Hl Dr Somers, NY 10589-1700
Somers metro Census 14903 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2019
2 recorded transactions
2019
$1.5M
2018
$1.7M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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