Horse Facility with Indoor
For Sale
$615,000
409 E JAMESTOWN Road, Greenville, PA 16125
ResidentialIncome, Greenville, PA
Property Size2,792 SF
Lot Size3.46 Acres
Price / SF$220.27
Days on Market322
Property Features for 409 E JAMESTOWN Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
4
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1
Parking features
Garage
Lot features
Irregular Lot, Level
Elementary school district
Reynolds
Middle school district
Reynolds
High school district
Reynolds
Directions
From MCCH: Head east on S. Diamond St, L on Pitt St, L on N. Diamond St, R on N. Erie St, L on PA-58, R on Main St, L on PA-58, Property on the right.
Subdivision
57 - Jamtwn/Grene/SugrGrve/Salem/OttrCrk/Grnvile/W.Salem/Hempfld
Standard status
Active
APN
0000-000
Size
2,792 SF
Lot size
3.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11144
Expense value
5000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Natural Gas
Cooling system
Central Air
Water source
Well
Building Details
Year built
1952
Floors in Building
2
Number of units
2
Building materials
Mixed, VinylSiding
Roof type
Composition, Metal
Architectural style
Other
Listing Agency:
ERA Richmond Real Estate Service · ERA Real Estate
(814) 337-6000
Listed By:
David Gordon · License #AB066597
(814) 282-0975
Added: Nov 5, 2025
Changed: Sep 19
Last Checked: Sep 23 at 8:06PM
MLS# 188740
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Horse & equestrian property combining a residence, event-ready indoor training space, and stable accommodations. The main home offers four bedrooms and 2.5 baths with a large living room and open kitchen. The property also includes a large barn equipped with 9 stalls and an indoor arena, along with fenced pasture/stable areas suited to equine use.
A well-established veterinary clinic is also on site and secured by a solid lease with consistent rental income. The property sits on 3.46 acres and is improved with mixed construction and vinyl siding, heated by natural gas with baseboard heat and cooled with central air.
Water is provided by a well and wastewater service is through a septic tank. Parking includes a garage, and roofing consists of metal and composition materials. Built in 1952.
A well-established veterinary clinic is also on site and secured by a solid lease with consistent rental income. The property sits on 3.46 acres and is improved with mixed construction and vinyl siding, heated by natural gas with baseboard heat and cooled with central air.
Water is provided by a well and wastewater service is through a septic tank. Parking includes a garage, and roofing consists of metal and composition materials. Built in 1952.
Key Highlights
- 3.46‑acre horse property with a large barn and indoor arena
- Main home features 4 bedrooms and 2.5 baths with a large living room and open kitchen
- Barn includes 9 stalls plus indoor arena space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,675
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,013,500
$1.0M
Cap Rate 7%
$723,929
$723.9K
Cap Rate 9%
$563,056
$563.1K
Market Conditions
NOI Build-Up for 2,792 SF
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.
Gross rent
$92.1K $33.00/SF
− Vacancy
−$11.1K −$3.96/SF
EGI
$81.1K $29.04/SF
− OpEx
−$30.4K −$10.89/SF
NOI
$50.7K $18.15/SF
Area
Mercer County, PA
Vacancy
12.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,013,500
Cap Rate 7%
$723,929
Cap Rate 9%
$563,056
Alternative Uses
Best Use
Mixed Use
$723.9K
$633.4K – $844.6K
NOI $50,675 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$400.0K
$350.0K – $466.7K
NOI $28,003 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$983.9K
$860.9K – $1.15M
NOI $68,874 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 16125, PA
17,198
Population
8,070
Households
2.1
Avg Household Size
46
Median Age
21%
College-Educated
92%
High-School Grad
105.2 sq mi
ZIP Area
163
Density / Sq Mi
$56,851
Median Household Income
$33,003
Median Earnings
$773
Median Rent
$125,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ranch-style home and equestrian facilities on 3.46 acres, including a large barn and indoor arena.
Where is this mixed-use property located?
The property is located at 409 E JAMESTOWN Road Greenville, PA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 3.46‑acre horse property with a large barn and indoor arena; Main home features 4 bedrooms and 2.5 baths with a large living room and open kitchen; Barn includes 9 stalls plus indoor arena space
