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1 Chips Ln, Fishkill, NY 12524
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Property summary
AI-generated overview
Located just off US-9 in Fishkill, New York, 1 Chips Lane is a high-bay warehouse facility with office space on a 0.82-acre site. The building includes 7,000 square feet of warehouse area and 12,200 square feet of office space over two floors, with 20-foot ceilings and three high dock loading bays (including two drive-in bays), plus a large truck court and a visitor parking area. The interior can be reconfigured to provide up to 13,000 square feet of high-bay warehouse space with approximately 1,200 square feet of offices. Utilities include municipal water and sewer, natural gas, and heavy electrical service. The property has multiple high dock doors, flexible high-ceiling layouts, and is located within less than one mile of I-84; it is suitable for uses such as athletic training, light manufacturing, storage, and distribution, with potential for build-to-suit improvements.
Property profile
Verified
Property type
Other 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
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.99M
Owner & transaction history
since 2023
Last sale
$1.9M
2 recorded transactions
Zoning & alternative use
GB · Fishkill, NY
Top alternative use upside
Auto repair, garage
$2.1M
+46.3%
Commercial (general)
$1.8M
+25.1%
Office building
$1.5M
+1.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.99M
Value range
$1.79M – $2.19M
±10% around blend
Estimated value / SF
$151 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$1.79M
blend $1.99M
$2.19M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,200 SF
Lot area
0.82 ac
Year built
1984
Stories
1
APN
133001 6155-08-837853-0000
Zoning
GB
Assessed value
$1,267,900
Annual tax
$7,722
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.53M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.65M
@ 6.5% CAP return
$1.53M
@ 7% CAP return
$1.42M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$7,722
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.86M
Range $849k – $2.04M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.99M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 37 sales
$110
+37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $151/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+46%
vs current-use indication
Commercial (general)
Office Building
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
5.00%
Selected cap rate for this other warehouses
Derived from the Fishkill market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.00%
9.0%
NOI (est.)
$149k *
Last sale · May 2023
$1.90M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.97M
Move the market yield to see immediate price impact.
Value / SF
$225
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.50%5.00%5.50%
$134k
$2.97M
$2.68M
$2.43M
$149k
$3.30M
$2.97M
$2.70M
$164k
$3.63M
$3.27M
$2.97M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
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, NYZoning GB · permitted uses
GB · Fishkill, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
1
Lot
0.82 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GB
Jurisdiction
Fishkill, NY
Recorded code
GB
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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