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1415 E McKellips Rd - Little Oasis Golf Club 2,715 SF Sports & Entertainment Building Offered at $2,995,000 at a 14.92% Cap Rate in Mesa, AZ 85203
Investment Highlights
- 50,000+ annual rounds
- 13 total acres means lower overhead both on the property and employee costs
- Owner willing to accept 14.92% cap rate! Retiring
- Perfect opportunity for a first time buyer or golf professional
Executive Summary
The National Golf Foundation has recently stated that development of additional short courses across the country is required in order to satisfy the growing number of new golfers. Given the number of rounds played at Little Oasis (50,000+), this is the type of property they are talking about!
Little Oasis Golf Club has a fun and challenging Links style 9-hole layout that will bring satisfaction to every player. There are three Par-4's and six Par-3's with water and bunkers on 6 of the 9 holes. With a Par of 30, low scores aren’t as common as one would think because of the narrow fairways and water hazards. Little Oasis will challenge even the most skilled player which in turn provides a great golf experience. This course is a perfect place for beginners and family members to come out and enjoy themselves.
Located in the city of Mesa, the track is a risk-and-reward style layout and due to its length, is suitable for all skill levels of golfer. Although it is a short course, there are challenges to keep golfers on their toes. The two lakes that form water hazards come into play on over half of the holes. It also has strategically placed sand bunkers throughout the entire design that can affect shots.
Whether it’s your first time picking up a club or you’re just looking to fine-tune your game, the practice facility at Little Oasis is great for all golfers! The facility features two large greens complete with sand traps and simulated fairways. Range balls are included with a tee time or can be rented separately for unlimited practice.
Little Oasis Golf Club is the perfect acquisition for a golf professional or first-time buyer due to lack of overhead and employee cost. The course is projected to have more than 50,000 rounds played in the 2025 fiscal year (ending in September). Its cash flow, for a 9-hole course, is excellent and is a tribute to its popularity in the Mesa/Scottsdale market.
Little Oasis Golf Club has a fun and challenging Links style 9-hole layout that will bring satisfaction to every player. There are three Par-4's and six Par-3's with water and bunkers on 6 of the 9 holes. With a Par of 30, low scores aren’t as common as one would think because of the narrow fairways and water hazards. Little Oasis will challenge even the most skilled player which in turn provides a great golf experience. This course is a perfect place for beginners and family members to come out and enjoy themselves.
Located in the city of Mesa, the track is a risk-and-reward style layout and due to its length, is suitable for all skill levels of golfer. Although it is a short course, there are challenges to keep golfers on their toes. The two lakes that form water hazards come into play on over half of the holes. It also has strategically placed sand bunkers throughout the entire design that can affect shots.
Whether it’s your first time picking up a club or you’re just looking to fine-tune your game, the practice facility at Little Oasis is great for all golfers! The facility features two large greens complete with sand traps and simulated fairways. Range balls are included with a tee time or can be rented separately for unlimited practice.
Little Oasis Golf Club is the perfect acquisition for a golf professional or first-time buyer due to lack of overhead and employee cost. The course is projected to have more than 50,000 rounds played in the 2025 fiscal year (ending in September). Its cash flow, for a 9-hole course, is excellent and is a tribute to its popularity in the Mesa/Scottsdale market.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$446,722
|
$164.54
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $446,722 |
| Annual Per SF | $164.54 |
Property Facts
| Price | $2,995,000 | Building Class | B |
| Price Per SF | $1,103.13 | Lot Size | 13.00 AC |
| Sale Type | Investment or Owner User | Building Size | 2,715 SF |
| Cap Rate | 14.92% | No. Stories | 1 |
| Property Type | Sports & Entertainment | Year Built | 1985 |
| Property Subtype | Golf Course/Driving Range | ||
| Zoning | Single Res w/PAD RS-6 - There is a restrictive covenant that runs with the land that it can't be developed until 2030. At that time, former owner to be paid $1.75M | ||
| Price | $2,995,000 |
| Price Per SF | $1,103.13 |
| Sale Type | Investment or Owner User |
| Cap Rate | 14.92% |
| Property Type | Sports & Entertainment |
| Property Subtype | Golf Course/Driving Range |
| Building Class | B |
| Lot Size | 13.00 AC |
| Building Size | 2,715 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Zoning | Single Res w/PAD RS-6 - There is a restrictive covenant that runs with the land that it can't be developed until 2030. At that time, former owner to be paid $1.75M |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 (2025) | |
| Land Assessment | $115 (2025) | Total Assessment | $60,767 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$115 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$60,767 (2025)
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1415 E McKellips Rd - Little Oasis Golf Club
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