Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    L38 Panarama Ln Windham, NY 12496

    Sponsored
    For Sale
    $375,000

    Vacant Land - Windham, NY

    Lot size:
    2.40 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 24 at 4:06 am

    Property Features for L38 Panarama Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    194600-095.000-0001-038.000
    Parking features
    Garage
    Lot size
    2.40 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Susan Miller

    WINDSTAR REALTY GROUP LLC

    Listing agent Susan Miller

    Listing date Jan 22, 2026

    MLS# 11408040 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Vacant Land with Mountain Views

    This 2.4-acre parcel in Windham, NY, presents an opportunity to construct a primary residence, ski home, weekend getaway, or log cabin. The lot has been cleared and offers views of the town and the mountain. It is located off the mountain in a peaceful setting, minutes from the slopes. The property is within walking distance of the golf course and country club and a short distance from Main Street shops and restaurants. The lot has been assessed by a Timber Home builder.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Dental Office Building Supply Law Firm Wholesale Shop Spa & Massage Pharmacy Hair Salon Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Windham
    County
    Greene
    State
    New York
    Longitude
    -74.243246
    Latitude
    42.301389

    Nearby Similar for Sale

    • $1,450,000
      4,284 SF

      Windham Multi-Family Home with Guest House

      Contemporary multi-family property with guest house and mountain views.
      93 Nauvoo Rd, Windham, NY 12496
      View Details
    • $2,500,000
      10,994 SF

      Profitable Restaurant & Steakhouse Investment

      Turnkey restaurant with multiple income streams in the Catskills.
      5658 2 & 3, Windham, NY 12496
      View Details
    • $1,125,000
      5,300 SF

      Thriving Restaurant and Apartments

      Profitable restaurant with two apartments in Windham, NY.
      5335 State Route 23, Windham, NY 12496
      View Details
    • $850,000
      3,700 SF

      Windham Multi-Use Victorian Property

      Rare multi-use property in the heart of Windham, New York.
      5320 Rte 23, Windham, NY 12496
      View Details
    • New
      $549,000
      4,800 SF

      Windham Multifamily Investment Opportunity

      Five-unit multifamily property with barn near Windham attractions.
      41 County Rd, Windham, NY 12496
      View Details
    • $2,750,000
      4,016 SF

      Turnkey Excavation Business Opportunity

      Established excavation business for sale with equipment and contracts.
      11287 Rte, Windham, NY 12496
      View Details
    • $7,999,000
      15,800 SF

      Luxury Resort Near Windham

      Luxury resort with 11 units on 17 acres.
      218 State Route 296, Windham, NY 12496
      View Details
    • $698,000
      Pending

      Hensonvonville Building and Lot

      Building and lot for sale in Hensonvonville, New York.
      49 Rte, Windham, NY 12496
      View Details
    • $2,999,999
      5,600 SF

      Updated Multifamily Property in Windham

      Modern, fully furnished multifamily property with year-round booking potential.
      33 Cuomos Cv, Windham, NY 12496
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.4 acre vacant land parcel in Windham, NY.
    Where is this residential land & home lot located?
    The property is located at L38 Panarama Ln Windham, NY.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Stunning views of the town and mountain.; - Cleared 2.4 acre parcel ready for building.; - Minutes to Windham Mountain slopes.
    (518) 898-4660
    Request Owner's contact information
    L38 Panarama Ln Windham, NY 12496
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    L38 Panarama Ln
    Windham, NY 12496
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    L38 Panarama Ln Windham, NY 12496
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Susan Miller
    (518) 898-4660
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.