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Property profile & analytics
OFF-MARKET
Estimated value
$1,880,000
Warehouses
1 Chips Ln Fishkill, NY 12524-1843
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-3753156
Property summary
AI-generated overview
This vacant, free-standing industrial building in Fishkill, NY, offers 19,800 square feet of space, ideal for warehouse, distribution, or manufacturing. Located at 1 Chips Ln, 12524, this property boasts two levels: a first level with 13,200 square feet of warehouse space and production offices, and a second level with 6,600 square feet of executive offices. The building features three loading docks (two interior, one exterior), 20-foot ceilings, and is equipped with municipal water and sewer, natural gas, central air conditioning in the office area, and forced hot air. The 0.82-acre lot provides ample space. The asking price is $2,600,000, with a price per square foot of $131.31. Virtual tours are available for both the warehouse and office spaces. This property presents a significant opportunity for businesses seeking a versatile and well-equipped industrial space in a prime location near Interstate 84 and US Route 9.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
13,200 SF
Lot
0.82 ac (35,719 SF)
Zoning code
GB
APN
133001 6155-08-837853-0000
UPID
US63-3753156
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.88M
Owner & transaction history
1 Chips Lane LLC · 3 yrs held
1 Chips Lane LLC
since 2023
Last sale
$1.9M
2 recorded transactions
Zoning & alternative use
GB · Fishkill, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+46.3%
Commercial (general)
$1.8M
+25.1%
Office building
$1.5M
+1.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fishkill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fishkill submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,990,000
ML approach
$1,865,000
CAP Approach
CAP Return
Estimation
6%
$1,650,000
6.5%
$1,525,000
7%
$1,415,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,450,000
Current use
AUTO REPAIR, GARAGE
$2,120,000
Change: +46% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,810,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$1,475,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±10% · vs last sale $1.90M (May 15 2023)
Last sale anchor
$1.90M
May 15 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$142 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$7,722
Tax year 2020
Assessed value
$1,267,900
Assessed 2023
Previous assessed
$1,207,500
+5.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$203,500
Assessed improvement
$1,064,400
Land market value
$203,500
Improvement market value
$1,064,400
Total market value
$1,267,900
Applied tax rate
135,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Total area
13,200 SF
Lot
0.82 ac (35,719 SF)
Zoning code
GB
APN
133001 6155-08-837853-0000
UPID
US63-3753156
Jurisdiction
DUTCHESS
Zoning & alternative use
GB · Fishkill, NY
Zoning GB · permitted uses
GB · Fishkill, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fishkill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
1 Chips Lane LLC
Entity
Mailing address
1 CHIPS LN, FISHKILL, NY 12524-1843
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
$1,900,000
1 Chips Lane LLC
1 Chips Lane Realty LLC
Deed
$2,090,000 · Finwise Bank
Dec 8, 2018
$950,000
1 Chips Lane Realty LLC
J C M Ents LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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