Free-Standing Industrial and Office
1 Chips Ln Fishkill, NY 12524
For Sale
Contact for pricing
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 Market861
Property Features for 1 Chips Ln
General Information
Standard status
Active
Size
19,800 SF
Property subtype
INDUSTRIAL
Listing Agency:
CR Properties
(845) 485-3100
Listed By:
Thomas Cervone · License #49CE0922865
(845) 485-3100
Source:
Moodyscre
Added: Mar 21, 2024
Changed: Jul 26
Last Checked: Jul 28 at 2:55PM
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $187.7k | $9.48 |
| − Vacancy | −$12.8k | −$0.64 |
| EGI | $174.9k | $8.84 |
| − OpEx | −$26.2k | −$1.33 |
| NOI | $148.7k | $7.51 |
19,800 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
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
Location Intelligence
Current Use
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
