Equestrian Facility with Event
12298 Croton Road, Croton, OH 43013
43,000 SF primary barn with arena and seating.
Type:Ranch
Property size:
43,000 SFLot size:
101.00 AcresPrice / SF:
$161/SF- Added:
- Jul 11, 2025
- Days on Market:
- 316
- Last Refresh:
- Apr 1 at 9:07 pm
Property Features for 12298 Croton Road
General Information
- Standard status
- Active
- Size
- 43,000 SF
- Lot size
- 101.00 Acres
- Property subtype
- Ranch
Building Details
- Year Built
- 1999
Listing agent Mark Schuster
Listing office N/A (614) 327-4268
Listing date Jul 11, 2025
Source Xome
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 N/A
HighLights
- 43,000 SF Primary Barn/Event Center with a 17,300 SF arena and stadium seating for 404 spectators.
- Heated and air‑conditioned primary barn featuring 46 stalls, four wash stalls, tack room, and breeding lab.
- Secondary 21,200 SF heated barn with 11,160 SF arena, 24 stalls, and 3 truck bays.
- Enjoy four private bedrooms with full private bathrooms & balconies, two private offices, lounge, den, and catering prep area in the primary barn.
- Two Parcels totaling 101 acres including an outdoor riding arena and two round pens.
- Sale or Lease options available, including Seller Financing and Lease with Option to Purchase.
Overview
This property features a primary barn and event center encompassing 43,000 square feet, including a 17,300 square foot arena equipped with an overhead sprinkler watering system and stadium seating for 404 spectators. The primary barn includes 46 stalls, four wash stalls, a tack room, a breeding lab, four private bedrooms each with full private bathrooms and balconies, two private offices, four restrooms, a lounge with a kitchen and bar, a den, and a catering prep area. The primary barn is heated and air conditioned. A secondary 21,200 square foot heated barn includes an 11,160 square foot arena with an overhead sprinkler watering system, 24 stalls, 1 wash stall, 3 truck bays, 2 round pens, and an outdoor riding arena. The property consists of two parcels totaling 101 acres. The property can be used for industrial, warehousing and/or office. Sale or Lease options are available. The buyer or lessee is required to honor events booked through 2026. A Lease with Option to Purchase is available, as well as Seller Financing options. The agent owns the property and has the option to lease the Primary or Secondary barns separately.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$6.74M
NOI $606,672 @ 9.00% cap · cautious / downside scenario
Moderate
$8.67M
NOI $606,672 @ 7.00% cap · market / base-case scenario
Aggressive
$12.13M
NOI $606,672 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $939.1k | $21.84 |
| − Vacancy | −$225.4k | −$5.24 |
| EGI | $713.7k | $16.60 |
| − OpEx | −$107.1k | −$2.49 |
| NOI | $606.7k | $14.11 |
43,000 SF · lease $21.84/SF/yr · vacancy 24.00% · expense 15.00%
Alternative Use Scenarios
Best Use
Warehouse
$8.67M
$7.58M – $10.11M
NOI $606,672 @ 7.0% cap · market cap 8.73%
Second Best
Office B
$7.56M
$6.62M – $8.82M
NOI $529,416 @ 7.0% cap · market cap 7.62%
Theoretical Best
Flex RnD
$34.53M
$30.22M – $40.29M
NOI $2,417,396 @ 7.0% cap · market cap 34.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Croton
- County
- Licking
- State
- Ohio
- Longitude
- -82.692334
- Latitude
- 40.231257
FAQs
What type of property is this?
Horse & equestrian property - 43,000 SF primary barn with arena and seating.
Where is this horse & equestrian property located?
The property is located at 12298 Croton Road Croton, OH.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: 43,000 SF Primary Barn/Event Center with a 17,300 SF arena and stadium seating for 404 spectators.; Heated and air‑conditioned primary barn featuring 46 stalls, four wash stalls, tack room, and breeding lab.; Secondary 21,200 SF heated barn with 11,160 SF arena, 24 stalls, and 3 truck bays.
