Equestrian Property with Indoor
980 Middle Road # 88, Scriba, NY 13126
For Sale
New
$595,000
Horse facilities include 25 stalls, outdoor riding space, fenced pastures, and several residential units.
Property Size2,298 SF
Price / SF$258.92
Days on Market4
Property Features for 980 Middle Road # 88
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Full
Hardwood,Laminate,Varies
1
Yes
2
3
MainLevel,UpperLevel
SeparateFormalLivingRoom,LivingDiningRoom,PullDownAtticStairs,SolidSurfaceCounters,MainLevelPrimary
PartiallyWooded
0.0
Rectangular,RectangularLot,ResidentialLot,Wooded,RollingSlope
Public
28.31
591X1936
No
Arena,Barn
NoGarage,CircularDriveway,Driveway,Other
DirtDriveway,GravelDriveway,Landscaping
Block,Basement
TownRoad
2298.0
Building Details
Building Size
Year Built
Stories
Listing Agency:
Salmon River Realty
Listed By:
Andrea Wisgo · License #10311206058
(315) 591-6920
Source:
Mytowncny
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 9 at 1:36AM
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 Salmon River Realty
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Investment Insights
Based on property information with market context.
This equestrian property in Scriba includes an indoor riding arena, an outdoor arena, fenced pastures, multiple barn areas, and a 30-by-60-foot hay barn. Its 25 stalls are distributed among the upper and lower barns and the indoor arena. Arena footing, wooden fencing, and LED lighting in the indoor arena and main barn have been updated; a water line serving the main barn was installed in March 2026.
The main residence is arranged as two apartments: a two-bedroom unit upstairs and a one-bedroom unit downstairs. Two more apartments occupy a barn, with two bedrooms in the upper unit and one bedroom or studio-style space in the lower unit. Hot water tanks in both barn apartments were replaced in April 2026. Three of the four residential units are currently rented. Boarding is offered on full-care and self-care terms.
The main residence is arranged as two apartments: a two-bedroom unit upstairs and a one-bedroom unit downstairs. Two more apartments occupy a barn, with two bedrooms in the upper unit and one bedroom or studio-style space in the lower unit. Hot water tanks in both barn apartments were replaced in April 2026. Three of the four residential units are currently rented. Boarding is offered on full-care and self-care terms.
Key Highlights
- 25 stalls across the upper barn, lower barn, and indoor arena
- Indoor and outdoor riding arenas, fenced pastures, and a 30‑by‑60‑foot hay barn
- Main residence divided into one two‑bedroom and one one‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,629
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,580
$352.6K
Cap Rate 7%
$251,843
$251.8K
Cap Rate 9%
$195,878
$195.9K
Market Conditions
NOI Build-Up for 2,298 SF
Gross rent
$33.9K $14.76/SF
− Vacancy
−$1.9K −$0.81/SF
EGI
$32.1K $13.95/SF
− OpEx
−$14.4K −$6.28/SF
NOI
$17.6K $7.67/SF
Area
Oswego County, NY
Vacancy
5.50%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,580
Cap Rate 7%
$251,843
Cap Rate 9%
$195,878
Alternative Uses
Best Use
Apartment 5plus
$251.8K
$220.4K – $293.8K
NOI $17,629 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$458.4K
$401.1K – $534.8K
NOI $32,085 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
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Business Placement
Demographics for 13126, NY
35,477
Population
15,668
Households
2.3
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
100.7 sq mi
ZIP Area
352
Density / Sq Mi
$63,590
Median Household Income
$30,469
Median Earnings
$992
Median Rent
$134,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Horse & equestrian property - Horse facilities include 25 stalls, outdoor riding space, fenced pastures, and several residential units.
Where is this horse & equestrian property located?
The property is located at 980 Middle Road # 88 Scriba, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 25 stalls across the upper barn, lower barn, and indoor arena; Indoor and outdoor riding arenas, fenced pastures, and a 30‑by‑60‑foot hay barn; Main residence divided into one two‑bedroom and one one‑bedroom apartment
