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    Equestrian Farm with Indoor Arena Title is generated by Realmo AI

    949 North Street Suffield, Suffield, CT 06078

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    For Sale
    $885,000

    Boutique equestrian facility with a lighted indoor arena, heated facilities, and 13-stall barn capacity for serious training.

    Type:Land
    Property size:
    10,000 SF
    Lot size:
    27.00 Acres
    Price / SF:
    $88/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 1:48 am

    Property Features for 949 North Street Suffield

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    27.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Michele Costa

    Listing agent Michele Costa

    Listing office

    Listing date Jun 3, 2026

    Source Milestonerealtyinc

    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 Michele Costa

    HighLights

    • 27‑acre boutique equestrian property with a 27,000 SF outdoor arena, lighted indoor arena, and a 1/3‑mile exercise track
    • 10,000 SF Morton barn with lighted indoor arena and LED‑lit 8‑stall barn, plus hay loft/elevator, heated tack and grain rooms
    • 13‑stall total barn capacity, including heated tack and grain rooms, frost‑free hydrants, and a wash stall
    • Major 2025 upgrades: new indoor and outdoor arena footing with Premier Equestrian of Utah materials; outdoor arena added major drainage and free‑draining all‑weather base
    • 80' x 100' all‑season paddock and 6 grass paddocks on 3+ acres
    • Heated Morton garage/workshop plus an approved 1‑acre building lot; town water and sewer connections available along the driveway

    Overview

    Claybrook Farms is a boutique equestrian property built for serious riding, training, and daily horse care. The centerpiece is a 10,000-square-foot Morton barn with a lighted indoor arena connected to an LED-lit, 8-stall barn. The setup includes a hay loft and elevator, heated tack and grain rooms, frost-free hydrants, and a wash stall. The barn configuration supports a total of 13 stalls. Recent 2025 improvements include new indoor and outdoor arena footing using Premier Equestrian of Utah materials, along with major outdoor drainage improvements and an all-weather, free-draining base.

    The property also features a 27,000-square-foot outdoor arena and an 80' x 100' all-season paddock. Additional on-site riding and turnout include 6 grass paddocks on 3+ acres and a one-third-mile exercise track. A heated Morton garage/workshop is included, along with an approved 1-acre building lot. Town water and sewer connections are available along the driveway for future use.

    This offering is well suited for equestrian operators and households looking for a complete training-and-care environment, with indoor and outdoor arenas, heated workspace, and robust stall and wash facilities already in place. The combination of upgraded footing and drainage supports year-round usability for training-focused riders and barns.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office HVAC Service Bar & Pub Cafe & Coffee Shop Daycare Center Wine and Liquor Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffield
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.64427
    Latitude
    42.00653

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    • $885,000
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      Equestrian Property with Upgraded Arenas

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    FAQs

    What type of property is this?
    Horse & equestrian property - Boutique equestrian facility with a lighted indoor arena, heated facilities, and 13-stall barn capacity for serious training.
    Where is this horse & equestrian property located?
    The property is located at 949 North Street Suffield Suffield, CT.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: 27‑acre boutique equestrian property with a 27,000 SF outdoor arena, lighted indoor arena, and a 1/3‑mile exercise track; 10,000 SF Morton barn with lighted indoor arena and LED‑lit 8‑stall barn, plus hay loft/elevator, heated tack and grain rooms; 13‑stall total barn capacity, including heated tack and grain rooms, frost‑free hydrants, and a wash stall
    (508) 501-1443
    We can help!
    Listing Contact
    Michele Costa
    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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