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For sale
  • Price cut: $800K (2/25)
    $2,000,000

    20 Sybille Rd, Wheatland, WY 82201

    4beds
    2,936sqft
    : 
    Single Family Residence
    Built in ----
    59.3 Acres Lot
    $-- Zestimate®
    $681/sqft
    $-- HOA

    What's special

    Tack roomWash rackConcession setupCommercial-grade kitchenMultiple bathroomsLed lightingSix insulated box stalls
    Rafter MB Arena | Turnkey Indoor Equine Facility with Income Potential in Wheatland, Wyoming Located at 210 Sybille Creek Road in Wheatland, Rafter MB Arena is a 59.3A± acre, fully improved equine facility designed for serious horse use, small-scale event production, and year-round operation. This is not a basic horse property. It is a functional, income-capable setup with proven use and infrastructure already in place. The centerpiece is a 125' x 250' insulated and heated indoor arena, featuring a 107' x 214' riding surface with high-quality footing, LED lighting, and integrated flow for roping, training, and livestock work. The arena connects directly to six insulated box stalls, a tack room, wash rack, and interior alley system with holding pens, making it highly efficient for daily use, clinics, and small events. This facility has already hosted clinics, jackpots, private events, weddings, and seasonal gatherings. A current trainer operates out of the arena under lease, demonstrating immediate usability and income potential. Beyond the arena, the property is built to support scale: 46 covered stalls for events or boarding Additional interior stalls with pipe runs and automatic waterers 9 horse-safe turnouts Multiple fenced and irrigated pastures with Wheatland Irrigation District water rights Cattle working pens with direct access to the arena Two round corrals (120' and 60') A commercial-grade kitchen, concession setup, and multiple bathrooms allow for event hosting, clinics, and gatherings without additional buildout. The layout supports everything from private training programs to regional horse events. The residence is a 4-bedroom, 3-bathroom brick home totaling 2,936 square feet, offering comfortable living with views of irrigated pastures and Laramie Peak. The home is functional and well-maintained, complementing the operation without overshadowing it. Located approximately 2.5 hours from Denver, the property sits within reach of a major population base while offering the space, flexibility, and lower overhead Wyoming is known for. For buyers seeking an alternative to crowded equine hubs, this property provides control, privacy, and the ability to operate on your own terms. Rafter MB Arena is best suited for: Trainers seeking a ready-to-use facility Operators looking to host clinics or small events Horse owners wanting a private, efficient, year-round setup Buyers interested in combining lifestyle with revenue potential This is a property that works immediately, with infrastructure already in place and multiple paths for use. 1. What type of buyer is Rafter MB Arena best suited for? Rafter MB Arena is ideal for trainers, equine professionals, and serious horse owners who want a functional, year-round facility. It also appeals to buyers interested in hosting clinics, small events, or operating a horse-related business from a turnkey property. 2. Can this property generate income? Yes. The property has already hosted clinics, jackpots, weddings, and events, and currently has a trainer leasing and using the facility. Additional opportunities include boarding, event hosting, clinics, and overnight horse accommodations. 3. Is the indoor arena usable year-round in Wyoming? Yes. The arena is insulated and heated, with LED lighting and quality footing, making it suitable for consistent winter use and daily riding regardless of weather conditions. 4. How many horses can the property support? The property includes 46 covered stalls, multiple interior stalls, pipe runs, turnouts, and irrigated pasture. Capacity will vary depending on management style, but it is designed to support both private use and larger-scale events. 5. Does the property have water rights and irrigation? Yes. The property includes 59.3A± acres of Wheatland Irrigation District water rights, supporting pasture irrigation and livestock use. 6. Can the property be used for events or clinics? Yes. The facility includes a commercial kitchen, bathrooms, viewing areas, and arena infrastructure suitable for clinics, jackpots, and small-scale events. It has a history of hosting these types of gatherings. 7. How far is the property from major airports or cities? Rafter MB Arena is approximately 135 miles, or about a 2.5-hour drive, from Denver International Airport, providing access for out-of-state buyers and event participants. 8. Is this property comparable to equine facilities in Arizona or other high-density horse markets? No. This property offers a different value proposition. Instead of high-density competition environments, it provides private control, space, and the ability to operate independently without the congestion or costs associated with larger equine hubs. 9. Could this property be used as a boarding or training business? Yes. The existing infrastructure supports boarding, training, and lesson programs. Buyers can step into a functional setup without the need for major construction. 10. What makes this property different from other horse properties in Wyoming? Most horse properties offer basic setups. Rafter MB Arena is fully built out with indoor riding, event capability, stall capacity, irrigation, and operational infrastructure, making it suitable for both lifestyle and business use.
    224 days
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    249
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    14
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    Zillow last checked:

    Listed by:

    Holly Allison,

    #1 Properties Ranch & Recreation 307-236-8299

    Source: REALSTACK,MLS#: 54788

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Features
      • Has basement: No
      Interior area
      • Total structure area: 2,936
      • Total interior livable area: 2,936 sqft

      Property

      Lot
      • Size: 59.3 Acres

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence

      Community & HOA

      Location
      • Region: Wheatland

      Financial & listing details

      • Price per square foot: $681/sqft
      • Date on market: 9/11/2025
      • Lease term: Contact For Details
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,111/mo

        Price history

        DateEventPrice
        2/25/2026Price change$2,000,000-28.6%$681/sqft
        Source: REALSTACK #54788 Report a problem
        9/11/2025Listed for sale$2,800,000$954/sqft
        Source: REALSTACK #54788 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment
        $11,297/mo
        Principal & interest
        $10314
        Property taxes
        $983
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          Neighborhood: 82201

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          Somewhat Bikeable

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