Bella Vista Golf Market Analysis Bella Vista POA Benton County, AR CONSULTING REPORT DATE OF INSPECTION: MAY 9, 2018 REPORT DATE: July 3, 2018 Mr. Tom Judson, Chief Operating Officer Bella Vista Property Owners Association 98 Clubhouse Drive Bella Vista, AR 72715 By: Golf Property Analysts 925 Fayette Street Conshohocken, PA 19428 Laurence A. Hirsh, CRE, MAI, SGA July 3, 2018
[email protected] WWW.GOLFPROP.COM TABLE OF CONTENTS SCOPE OF THE APPRAISAL ....................................................................................... 4 SUMMARY OF IMPORTANT FACTS & CONCLUSIONS .............................................. 5 STATEMENT OF LIMITING CONDITIONS .................................................................. 6 GLOSSORY OF GOLF PROPERTY TERMS ................................................................... 8 LOCATION ANALYSIS ............................................................................................. 11 REGIONAL ANALYSIS ............................................................................................. 12 NEIGHBORHOOD ANALYSIS .................................................................................. 22 WEATHER .............................................................................................................. 24 GOLF MARKET ANALYSIS....................................................................................... 27 COMPETITIVE MARKET SUMMARY ....................................................................... 43 COMPETITIVE MARKET MAP ................................................................................