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    Equestrian Dream Property with Arenas Title is generated by Realmo AI

    9075 E County Road 1850 N, Ferdinand, IN 47532

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    For Sale
    $619,900

    Gated equestrian property featuring indoor and outdoor riding arenas.

    Type:Farm
    Property size:
    3,500 SF
    Price / SF:
    $177/SF
    Added:
    Aug 5, 2021
    Days on Market:
    1748
    Last Refresh:
    Apr 1 at 9:11 pm

    Property Features for 9075 E County Road 1850 N

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Property subtype
    Farm

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Jeremy Ward
    Jeremy Ward

    Listing agent Jeremy Ward License #217743

    Listing office Ward Realty Services

    Listing date Aug 5, 2021

    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 Ward Realty Services

    HighLights

    • Gated equestrian property featuring indoor and outdoor riding arenas (95' x 220'), 4 stalls, and tack shop.
    • Large ranch‑style home with a finished walkout lower level.
    • New $32k standing seam roof with a lifetime warranty.
    • Aerated lake with an aerating windmill.
    • Multiple outbuildings (60 x 60 and 36 x 48) in pristine condition.
    • Waterfront property with a pool, spa, and scenic lake views.

    Overview

    This gated equestrian property is a rare find in the Midwest, designed for a lifestyle of enjoyment. The grounds are enclosed with vinyl fencing and woven wire on the exterior lines. The estate home features a large ranch design with a walkout finished lower level. Equestrian amenities include a 95' x 220' outdoor riding arena and an indoor arena, along with 4 stalls, a tack shop, and workshops. An aerated lake is also located on the property. Opportunities exist for various hobby uses, with one building measuring 60 x 60 and another 36 x 48, all maintained in pristine condition. The home has a new $32,000 standing seam roof and gutter installation by "Honest Abe" with a lifetime warranty. Both inside and outside Bose speakers remain with the property. The aerating windmill functions to keep the lake circulated and pure. Gas fireplaces are found on both levels of the home. 2 RV hook-ups are at the barn and high speed internet is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ferdinand
    County
    Dubois
    State
    Indiana
    Longitude
    -86.882392
    Latitude
    38.152311

    FAQs

    What type of property is this?
    Horse & equestrian property - Gated equestrian property featuring indoor and outdoor riding arenas.
    Where is this horse & equestrian property located?
    The property is located at 9075 E County Road 1850 N Ferdinand, IN.
    What is the asking price?
    The asking price for this property is $619,900.
    What are key features of this property?
    This property features: Gated equestrian property featuring indoor and outdoor riding arenas (95' x 220'), 4 stalls, and tack shop.; Large ranch‑style home with a finished walkout lower level.; New $32k standing seam roof with a lifetime warranty.
    (812) 200-2838
    We can help!
    Listing Contact
    Jeremy Ward
    Jeremy Ward
    Real Estate License ID: 217743
    Learn More
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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.

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