Property profile

5344 State Rte 23 Windham, NY 12496

OFF-MARKET
Investment properties
Property ID
US63-2125662
5,280 SF 0.18 ac lot Built 1975
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This iconic Windham, NY, Main Street property offers a unique blend of commercial and retail space with three income-generating apartments. The 6,400 sq ft building, situated on a 0.18-acre lot, currently houses a thriving market and three 1-bedroom/1-bathroom apartments, all fully rented and generating substantial returns. High visibility and foot traffic ensure strong retail potential, attracting both locals and tourists. The spacious ground floor retail area is adaptable to various businesses, while the upstairs apartments provide a consistent rental income stream. This presents an excellent opportunity for investors seeking dual income, with potential for expansion or modification to suit individual needs. The property's mixed-use nature offers flexibility, allowing for owner-operator occupancy or purely rental income. Seller financing is available. An additional, separately subdivided back lot (not included in the sale but potentially available) offers further development possibilities with municipal water and sewer access. This property is more than just a building

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1975
Total area 5,280 SF
Lot 0.18 ac (7,841 SF)
Zoning code 01 - NOT ZONED
APN 194600 78.19-1-12
UPID US63-2125662

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5344 State Rte 23 Windham, NY 12496-5800
Windham metro Census 80301
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.11M

Owner & transaction history

since 2025
Last sale
$1.2M
2 recorded transactions
2025
$1.2M
2022
$550,000

Zoning & alternative use

01 - NOT ZONED · Windham, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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