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    Property profile & analytics

    5344 State Rte 23 Windham, NY 12496-5800

    • Investment properties
    • 5,280 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $1,125,000
    Last Sale
    May 08, 2025
    $1,200,000
    Location Intelligence
    Property ID
    US63-2125662
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 5344 State Rte 23

    Year built
    1975
    Lot size
    0.18 lot acres
    Property size
    5,280 SF
    Zone code
    01 - NOT ZONED
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    194600 78.19-1-12
    APU
    1946007819112

    Description

    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

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,105,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,330,000
      6.5%
      $1,165,000
      7%
      $1,310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,060,000
      Geo Method
      $1,140,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,250,000
      Retail
      $1,065,000
      Mixed-Use
      $960,000
      Hospitality
      $1,320,000
      Educational
      $1,075,000
      Residential Income
      $1,200,000
      Energy
      $1,275,000
      Income-Based Land
      $1,125,000
      Food Service
      $1,120,000

    Location Insight

    • Map
    • Local Demand
    City
    Windham
    County
    Greene
    State
    New York
    Longitude
    -74.2502
    Latitude
    42.3079

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $17,400
    $332,000
    $349,400
    -
    $26,769
    $510,769
    $537,538

    Comparable in this City

    • Value Estimation
      $185,000
      3,100 SF

      6 County Rte 21

      OFFICE/RESIDENTIAL (MIXED USE) • 3,100 SF
      6 County Rte 21, Windham, NY 12496-5816
      View Details
    • Value Estimation
      $320,000
      2,054 SF

      5290 State Rte 23

      OFFICE/RESIDENTIAL (MIXED USE) • 2,054 SF
      5290 State Rte 23, Windham, NY 12496
      View Details
    • Value Estimation
      $345,000
      4,800 SF

      5380 State Rte 23

      OFFICE/RESIDENTIAL (MIXED USE) • 4,800 SF
      5380 State Rte 23, Windham, NY 12496-5801
      View Details
    • Value Estimation
      $275,000
      2,544 SF

      5355 State Rte 23

      OFFICE/RESIDENTIAL (MIXED USE) • 2,544 SF
      5355 State Rte 23, Windham, NY 12496
      View Details
    • Value Estimation by Request
      442 SF

      5359 State Rte 231d

      OFFICE/RESIDENTIAL (MIXED USE) • 442 SF
      5359 State Rte 231d, Windham, NY 12496-5906
      View Details
    • Value Estimation by Request
      942 SF

      5359 State Rte 231fb

      OFFICE/RESIDENTIAL (MIXED USE) • 942 SF
      5359 State Rte 231fb, Windham, NY 12496-5906
      View Details

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    5344 State Rte 23
    Windham, NY 12496-5800
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    Realmo Value Estimation

    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.

    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.

    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
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