Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Windham Vacant Land Opportunity Title is generated by Realmo AI

    L46.111 Panarama Ln, Windham, NY 12496

    View on Map
    Claim this Listing
    For Sale
    $99,900

    Vacant Land - Windham, NY

    Lot size:
    1.10 Acres
    Added:
    Dec 16, 2025
    Days on Market:
    153
    Last Refresh:
    May 18 at 6:06 pm

    Property Features for L46.111 Panarama Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    194600-095.000-0001-046.111
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    371

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Susan Miller

    Listing agent Susan Miller

    Listing office WINDSTAR REALTY GROUP LLC 5338 STATE RTE 23, WINDHAM, NY

    Listing date Dec 16, 2025

    MLS# 11613556 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.

    HighLights

    • 1.1 acre unimproved lot offers a blank canvas.
    • Minutes from Windham Mountain Club expansion.
    • Easy access to skiing, hiking, biking, and golf activities.
    • Surrounded by natural beauty and privacy.
    • Opportunity to build a custom Catskills home.
    • Garage parking included.

    Overview

    This 1.1-acre unimproved lot presents an opportunity to build a mountain getaway. The property is located minutes from the Windham Mountain Club expansion and offers privacy and access to outdoor activities such as skiing, hiking, biking, and golf. The location also provides access to village amenities. This property is located in Windham, NY.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Windham
    County
    Greene
    State
    New York
    Longitude
    -74.243623
    Latitude
    42.304206

    Nearby Similar for Sale

    • $2,500,000
      10,994 SF

      Profitable Restaurant & Steakhouse Investment

      Turnkey restaurant with multiple income streams in the Catskills.
      5658 Route 23, Windham, NY 12496
      View Details
    • $690,000
      2,500 SF

      Mixed-Use Building in Windham, NY

      Legal four-family mixed-use building in the heart of Windham.
      5355 Route 23, Windham, NY 12496
      View Details
    • $1,350,000

      Windham Land Development Opportunity

      Prime 12-acre development opportunity near Windham Mountain Club slopes.
      South Street, Windham, NY 12496
      View Details
    • $459,000

      Windham Mountain Homesite Opportunity

      Build your dream getaway near Windham Mountain ski trails.
      Club Road, Windham, NY 12496
      View Details
    • $234,500

      Land in North Ridge Estates

      2.3-acre building lot in exclusive North Ridge Estates.
      North Ridge Extension, Windham, NY 12496
      View Details
    • $750,000

      Windham Mountain Ski-On/Ski-Off Land

      Rare 0.58-acre ski-on/ski-off lot at Windham Mountain Club.
      247 Club Road, Windham, NY 12496
      View Details
    • $2,200,000

      Mountain Sanctuary with Hunting Cabin

      160 acres of wilderness with off-grid cabin near Long Path.
      393 B G Partridge Rd, Windham, NY 12496
      View Details
    • $3,490,000
      18,500 SF

      Renovated Inn with Restaurant

      Boutique inn with restaurant near Windham Mountain Club.
      5098 State Route 23, Windham, NY 12496
      View Details
    • $359,900

      Vacant Land Near Windham Mountain

      4.2-acre vacant parcel near Windham Mountain Club expansion.
      L44.10 Panarama Ln, Windham, NY 12496
      View Details
    • $175,000

      Land with Utilities in Windham

      5.7 acres with utilities, ready for your dream home.
      611 Mitchell Hollow Road, Windham, NY 12496
      View Details
    • $300,000

      Approved Residential Lot with Views

      Shovel-ready 7.5-acre residential lot near Windham Mountain.
      1 Galway Road, Windham, NY 12496
      View Details
    • $300,000

      Approved Residential Lot with Views

      Shovel-ready 6.54 acre lot near Windham Mountain.
      3 Galway Road, Windham, NY 12496
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.1 acre unimproved lot near Windham Mountain Club.
    Where is this residential land & home lot located?
    The property is located at L46.111 Panarama Ln Windham, NY.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: 1.1 acre unimproved lot offers a blank canvas.; Minutes from Windham Mountain Club expansion.; Easy access to skiing, hiking, biking, and golf activities.
    (518) 898-4660
    We can help!
    Listing Contact
    Susan Miller
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    L46.111 Panarama Ln, Windham, NY 12496
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!