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    Equestrian Farm with Monitor Barn Title is generated by Realmo AI

    2412 Old Route 422 East East, Fenelton, PA 16034

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    For Sale
    $530,000

    Nearly 14 acres with a 2021 monitor-style barn, heated areas, stalls, and riding arena base for equestrian use.

    Type:Farm-Acreage-Lot / Farm Without Residence
    Property size:
    1,728 SF
    Price / SF:
    $306/SF
    Added:
    May 23, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 6 at 2:43 am

    Property Features for 2412 Old Route 422 East East

    General Information

    Standard status
    Active
    Size
    1,728 SF
    Property subtype
    Farm-Acreage-Lot / Farm Without Residence

    Building Details

    Year Built
    2021

    We can help!

    Listing Contact
    Sue Malagise
    Sue Malagise

    Listing agent Sue Malagise License #RS317085

    Listing office HOWARD HANNA REAL ESTATE SERVICES

    Listing date May 23, 2026

    Source Compass

    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 HOWARD HANNA REAL ESTATE SERVICES

    HighLights

    • Nearly 14 acres in Clearfield Twp, with a 2021 finished 48' x 36' monitor‑style barn
    • Barn includes heated tack room and feed room, plus frost‑free hydrant
    • Equestrian setup: 5 well‑executed 12' x 12' matted stalls with individual run‑outs and automatic waterer in the paddock
    • Additional barn features include a 48' x 12' walk‑about loft for hay storage
    • Riding arena with base layer and 8 acres of pasture organically maintained
    • Perk‑tested for septic; well required; electric and natural gas main gas line available on Old 422 East

    Overview

    This offering is an equestrian-focused farm property featuring nearly 14 acres of green pasture, a riding arena with a base layer, and two existing buildings for on-site operations. The 48' x 36' monitor-style barn was finished in 2021 and includes a heated tack room and feed room, a frost-free hydrant, five 12' x 12' matted stalls with individual run-outs, and a Bar-bar-A automatic waterer in the paddock. The barn also provides a 48' x 12' walk-about loft for hay storage. Adjacent to the barn is a large equipment pole building with a four-door opening and a pull-through lean-to.

    Access is provided via a gravel lane that is described as a deeded driveway with ROWs and utilities easement in place. The property is positioned for regional travel with access to major roadways including Routes 422, 28, and 79, and is described as minutes from Butler, with a drive to downtown Pittsburgh of about an hour. Moraine State Park/Lake Arthur is noted as about 20 minutes away, and PA State Game Lands are noted as within about 7 minutes.

    The layout supports a range of practical uses centered on animals and outdoor operations, including keeping horses and maintaining an arena and pasture. The pasture is described as organically maintained, and the property is perk-tested for septic, with a well required. Electric and a primary natural gas line are noted as located on Old 422 East, which may help streamline planning for future build-outs or ongoing improvements.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Gym & Fitness Center Garden Center Pet Store Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Fenelton
    County
    Butler
    State
    Pennsylvania
    Longitude
    -79.76634
    Latitude
    40.85882

    FAQs

    What type of property is this?
    Horse & equestrian property - Nearly 14 acres with a 2021 monitor-style barn, heated areas, stalls, and riding arena base for equestrian use.
    Where is this horse & equestrian property located?
    The property is located at 2412 Old Route 422 East East Fenelton, PA.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: Nearly 14 acres in Clearfield Twp, with a 2021 finished 48' x 36' monitor‑style barn; Barn includes heated tack room and feed room, plus frost‑free hydrant; Equestrian setup: 5 well‑executed 12' x 12' matted stalls with individual run‑outs and automatic waterer in the paddock
    (724) 816-5968
    We can help!
    Listing Contact
    Sue Malagise
    Sue Malagise
    Real Estate License ID: RS317085
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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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