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    Equestrian Estate with 21-Stall Barn Title is generated by Realmo AI

    233 Mort Vining Road, Southwick, MA 01077

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    For Sale
    $918,000

    18.11-acre horse property with barn and arenas.

    Type:Farm
    Property size:
    1,751 SF
    Lot size:
    18.11 Acres
    Price / SF:
    $524/SF
    Added:
    Dec 18, 2024
    Days on Market:
    511
    Last Refresh:
    Apr 1 at 9:09 pm

    Property Features for 233 Mort Vining Road

    General Information

    Standard status
    Active
    Size
    1,751 SF
    Lot size
    18.11 Acres
    Property subtype
    Farm

    Building Details

    Year Built
    1810

    We can help!

    Listing Contact
    Russell Sabadosa
    Russell Sabadosa

    Listing agent Russell Sabadosa License #452501212

    Listing office Premier Choice Realty

    Listing date Dec 18, 2024

    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 Premier Choice Realty

    HighLights

    • 21‑stall horse barn with heated auto waterers and comprehensive equestrian facilities including indoor/outdoor arenas, riding trails, and turn‑out paddocks.
    • 18.11 acres of land ideal for horse enthusiasts.
    • Opportunity to purchase an additional 89 adjacent acres.
    • Climate‑controlled lounge, tack rooms, and bath with heated/central AC inside the barn.
    • Equestrian amenities including a 70'x160' indoor arena with mirrors and a 100'x200' outdoor arena.
    • Historic 1810 home with spring‑fed well.

    Overview

    This property features a historic home dating back to 1810, accompanied by a 21-stall horse barn situated on 18.11 acres, offering an opportunity for horse enthusiasts. The horse barn includes 21 stalls, each measuring 12'x12', equipped with mats and heated automatic waterers. Equestrian amenities include a 70'x160' indoor arena featuring 100 linear feet of mirrors, a 100'x200' outdoor arena, and riding trails extending across the 18-acre property. There are 11 individual turn-out paddocks, along with 2 multi-horse turn-outs. Inside the barn, there is a climate-controlled lounge, a tack room, a private tack room office for the owner, and a bathroom with both heating and central air conditioning. The barn also features a hayloft, a farrier's work area, individual tack lockers, a feed room, and a wash stall with hot and cold water. Additional features include an oversized septic system, a tool storage room, and extra storage space for shavings. The property is supplied by a spring-fed well.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Silvercryst Farm Horse Breeder

    Suggested Use

    Restaurant Pharmacy Food Market Grocery & Convenience Store Electrical Service Electronics & Wireless Store Bakery Arcade & Gaming Center (Bike/Boat/Book/etc) Store Supermarket

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

    Location Insight

    • Map
    • Local Demand
    City
    Southwick
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.8054786
    Latitude
    42.0301271

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    FAQs

    What type of property is this?
    Horse & equestrian property - 18.11-acre horse property with barn and arenas.
    Where is this horse & equestrian property located?
    The property is located at 233 Mort Vining Road Southwick, MA.
    What is the asking price?
    The asking price for this property is $918,000.
    What are key features of this property?
    This property features: 21‑stall horse barn with heated auto waterers and comprehensive equestrian facilities including indoor/outdoor arenas, riding trails, and turn‑out paddocks.; 18.11 acres of land ideal for horse enthusiasts.; Opportunity to purchase an additional 89 adjacent acres.
    (413) 200-8642
    We can help!
    Listing Contact
    Russell Sabadosa
    Russell Sabadosa
    Real Estate License ID: 452501212
    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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