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    Equestrian Property with Upgraded Arenas Title is generated by Realmo AI

    949 North Street, Suffield, CT 06078

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    For Sale
    $885,000

    27-acre equestrian property featuring upgraded arenas and Morton barn.

    Type:Land or Vacant Lot
    Property size:
    10,000 SF
    Lot size:
    27.00 Acres
    Price / SF:
    $88/SF
    Added:
    May 27, 2026
    Days on Market:
    3
    Last Refresh:
    May 27 at 7:47 am

    Property Features for 949 North Street

    General Information

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

    We can help!

    Listing Contact
    JEN BURRITT

    Listing agent JEN BURRITT

    Listing office Keller Williams Realty-Longmdw

    Listing date May 27, 2026

    Source Corcoran

    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 Keller Williams Realty-Longmdw

    HighLights

    • High‑performance riding arenas (indoor and outdoor) with Premier Equestrian footing and upgraded drainage.
    • 10,000 sq ft Morton barn with lighted indoor arena and 8‑stall barn (hay loft, elevator, heated rooms, frost‑free hydrants, wash stall).
    • Total of 13 stalls (8 in main barn, 5 additional stalls).
    • 27 acres of equestrian facilities: 27,000 sq ft outdoor arena, 80' x 100' paddock, 3+ acres in 6 grass paddocks, 1/3‑mile grass track.
    • 1,890 sq ft Morton‑built heated garage with oversized doors for storage/workshop/office/apartment potential.
    • Includes an approved 1‑acre building lot.

    Overview

    Claybrook Farms is a 27-acre equestrian property designed for riders and horse enthusiasts. Improvements completed in 2025 include replacement of footing in both the indoor and outdoor riding arenas using design and materials supplied by Premier Equestrian of Utah. The outdoor arena was also upgraded with drainage enhancements and an all-weather, free-draining base. The 10,000-square-foot Morton barn features a lighted indoor arena that opens to an LED-lit 8-stall barn complete with a hay loft and portable elevator, heated tack and grain rooms, frost-free water hydrants, and a wash stall. There are an additional 5 stalls just outside the barn, bringing the total to 13 stalls. In addition to the 27,000-square-foot outdoor arena with upgraded footing and drainage, the property features an 80' x 100' all-season paddock, more than 3 acres divided into 6 large individual grass paddocks, and a one-third-mile grass exercise track. A separate 1,890-square-foot Morton-built insulated and heated garage with concrete floors and two oversized 16-foot overhead doors provides flexibility for storage, workshop space, offices, or future apartment potential. Included within the 27 acres is an approved 1-acre building lot.
    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

    Nearby Similar for Sale

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      View Details
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    FAQs

    What type of property is this?
    Horse & equestrian property - 27-acre equestrian property featuring upgraded arenas and Morton barn.
    Where is this horse & equestrian property located?
    The property is located at 949 North Street 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: High‑performance riding arenas (indoor and outdoor) with Premier Equestrian footing and upgraded drainage.; 10,000 sq ft Morton barn with lighted indoor arena and 8‑stall barn (hay loft, elevator, heated rooms, frost‑free hydrants, wash stall).; Total of 13 stalls (8 in main barn, 5 additional stalls).
    (413) 565-5478
    We can help!
    Listing Contact
    JEN BURRITT
    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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