Free-Standing Industrial and Office
For Sale
Contact for pricing
1 Chips Ln, Fishkill, NY 12524
Free-standing industrial building with warehouse, manufacturing/production offices, and executive offices plus three loading docks.
Property Size19,800 SF
Price / SF$131.31
Days on Market907
Property Features for 1 Chips Ln
General Information
Standard status
Active
Size
19,800 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
3
Additional Details
Utilities to Site
Yes
Building Details
Stories
2
Listing Agency:
CR Properties
(626) 622-4253
Listed By:
Thomas Cervone · License #49CE0922865
(845) 485-3100
Source:
Moodyscre
Added: Mar 21, 2024
Changed: Sep 7
Last Checked: Sep 13 at 10:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CR Properties
Investment Insights
Based on property information with market context.
This free-standing industrial property combines first-level industrial, manufacturing, and warehouse space with production offices, along with second-level executive offices. The facility includes two interior loading docks and one exterior loading dock, and features approximately 20' ceilings. Mechanical and utilities noted include municipal water and sewer, natural gas, central air for the office area, and forced hot air.
The building totals approximately 19,800± SF, with interior space identified at approximately 13,200± SF and warehouse space at approximately 6,600± SF. A Matterport virtual tour is available for both the warehouse and office portions of the property.
Offered for sale, the configuration supports multiple interior work and production environments paired with dedicated office space across two levels.
The building totals approximately 19,800± SF, with interior space identified at approximately 13,200± SF and warehouse space at approximately 6,600± SF. A Matterport virtual tour is available for both the warehouse and office portions of the property.
Offered for sale, the configuration supports multiple interior work and production environments paired with dedicated office space across two levels.
Key Highlights
- Free‑standing industrial building with warehouse, manufacturing/production offices, and executive offices plus office space on two levels
- Total size 19,800 ± SF (Interior 13,200 ± SF; Warehouse 6,600 ± SF)
- Loading access: two interior loading docks and one exterior loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$148,699
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,973,980
$3.0M
Cap Rate 7%
$2,124,271
$2.1M
Cap Rate 9%
$1,652,211
$1.7M
Market Conditions
NOI Build-Up for 19,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$187.7K $9.48/SF
− Vacancy
−$12.8K −$0.64/SF
EGI
$174.9K $8.84/SF
− OpEx
−$26.2K −$1.33/SF
NOI
$148.7K $7.51/SF
Area
Dutchess County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,973,980
Cap Rate 7%
$2,124,271
Cap Rate 9%
$1,652,211
Alternative Uses
Best Use
Flex RnD
$4.64M
$4.06M – $5.42M
NOI $325,019 @ 7.0% cap · market cap 12.50%
Second Best
Warehouse
$2.12M
$1.86M – $2.48M
NOI $148,699 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$5.96M
$5.22M – $6.95M
NOI $417,210 @ 7.0% cap · market cap 16.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
20 ft
Clear height
3
Dock-high doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,593
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12524, NY
15,617
Population
6,702
Households
2.3
Avg Household Size
46
Median Age
36%
College-Educated
94%
High-School Grad
16.8 sq mi
ZIP Area
930
Density / Sq Mi
$95,713
Median Household Income
$59,017
Median Earnings
$1,806
Median Rent
$373,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Free-standing industrial building with warehouse, manufacturing/production offices, and executive offices plus three loading docks.
Where is this flex space located?
The property is located at 1 Chips Ln Fishkill, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Free‑standing industrial building with warehouse, manufacturing/production offices, and executive offices plus office space on two levels; Total size 19,800 ± SF (Interior 13,200 ± SF; Warehouse 6,600 ± SF); Loading access: two interior loading docks and one exterior loading dock
