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    6336 N River Rd Waterville, OH 43566

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    For Sale
    $975,000

    Luxury equestrian estate on 16 acres with riding trails.

    Lot size:
    16.11 Acres

    Property Features for 6336 N River Rd

    General Information

    Lot size
    16.11 Acres
    Exterior features
    exterior_features, : ["Patio", "Porch", "Water Connected", "Electricity Connected", "Natural Gas Connected", "Shingles"]
    Interior features
    Interior Feature 1, : "Fireplace", "Interior Feature 2": "Natural Gas", "Interior Feature 3": "Central Air", "Interior Feature 4": "Forced Air", "Interior Feature 5": "Dishwasher", "Interior Feature 6": "Ice Maker", "Interior Feature 7": "Water Heater", "Interior Feature 8": "Disposal", "Interior Feature 9": "Dryer", "Interior Feature 10": "Gas Cooktop", "Interior Feature 11": "Gas Oven", "Interior Feature 12": "Gas Range Connection", "Interior Feature 13": "Refrigerator", "Interior Feature 14": "Washer"

    Building Details

    Year built
    2019

    We can help!

    Listing Contact
    Nicole Osstifin
    Source: Kw

    Listing Agency: Serenity Realty LLC Listing Agent: Nicole Osstifin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Equestrian Retreat with Indoor Arena

    This equestrian retreat offers a blend of country living and luxury. The ranch-style property, built in 2019, features an open-concept layout with 3 bedrooms and 3.5 bathrooms. A finished basement provides the potential for a fourth bedroom. The estate is set on 16 acres with scenic, private riding trails. The luxurious en suite includes a soaking tub and a walk-in closet. A first-floor laundry room adds convenience. Equestrian amenities include a Morton-built 8-stall indoor arena with a tack room, water, and hay storage. An additional Morton barn offers 4 stalls, water, a tack room, and equipment storage. The chef’s kitchen is equipped with an ILVE 40-inch professional range. Solar panels contribute to keeping electric costs under $100 per month. This one-owner estate is located minutes from the expressway and shopping in Waterville, Ohio.
    Location Intelligence

    Current Use by Public Records

    Rausch Ranch LLC Horse Boarding Stable

    Suggested Use

    Restaurant Dental Office HVAC Service Electronics Store Garden Center Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7125806
    Latitude
    41.5254795

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    FAQs

    What type of property is this?
    Horse & equestrian property - Luxury equestrian estate on 16 acres with riding trails.
    Where is this horse & equestrian property located?
    The property is located at 6336 N River Rd Waterville, OH.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Equestrian dream: 8-stall indoor arena and 4-stall barn with water and tack rooms, plus 16 acres of private riding trails.; - Enjoy low electric bills (under $100/month) thanks to solar panels.; - Luxurious master suite featuring a soaking tub and walk-in closet.
    Request Owner's contact information
    6336 N River Rd Waterville, OH 43566
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    Waterville, OH 43566
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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.

    More about this property
    6336 N River Rd Waterville, OH 43566
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    We can help!
    Listing Contact
    Nicole Osstifin
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