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    Flex Warehouse With Roll-Up Door Title is generated by Realmo AI

    14 Petra Lane, Albany, NY 12205

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    Clean flex warehouse space with an at-grade roll-up door and heater, suited for light industrial and service uses.

    Type:Office
    Property size:
    2,600 SF
    Price / SF:
    $0.00/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:57 am

    Property Features for 14 Petra Lane

    General Information

    Standard status
    Active
    Size
    2,600 SF
    Property subtype
    Office

    Building Details

    Year Built
    1992

    Properties For Sale

    at 14 Petra Lane Contact us

    We can help!

    Listing Contact
    Bruce Ginsburg
    Bruce Ginsburg

    Listing agent Bruce Ginsburg

    Listing office IKON Realty Group

    Listing date Jun 2, 2026

    Source Ikonrealtygroup

    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 IKON Realty Group

    HighLights

    • About 2,600 SF clean flex warehouse in a well‑maintained flex office/warehouse park at 14 Petra Lane
    • At‑grade 16' wide by 14' high roll‑up overhead door for convenient loading
    • 24'6" height to center beam, sloping to 19'11" at the sides of the space
    • Suspended gas‑fired unit heater plus lofted storage area with additional usable square footage not included in the rent
    • Zoned Commercial D supporting a range of commercial and light industrial uses, including contractors/service businesses and light storage/distribution
    • Rent structure: $12/SF/year modified gross inclusive of utilities

    Overview

    This clean flex warehouse offers approximately 2,600 square feet of flexible warehouse and office use in a well-maintained flex office/warehouse park. The space includes an at-grade, 16-foot-wide by 14-foot-high roll-up overhead door, a suspended gas-fired unit heater, and a lofted storage area that provides additional usable storage not included in the rent. Clear height measures 24 feet 6 inches to the center beam, sloping to 19 feet 11 inches along the sides, supporting a range of light storage and distribution activity.

    Located at 14 Petra Lane in the Village of Colonie within the Capital Region, the property is part of a commercial park environment designed for mixed flex operations. The combination of roll-up access and flexible interior volume makes the unit practical for day-to-day movement of materials and equipment.

    Zoned Commercial D, the suite supports a broad range of commercial and light industrial uses, making it a strong fit for contractors, service-oriented businesses, light storage, or distribution operations seeking flexible space. The modified gross structure with utilities included can also help simplify budgeting for tenants looking to operate in a managed park setting.
    Location Intelligence

    Current Use by Public Records

    Convergint Security Service Security Integrations Security Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Big Kahoona Picnic Co — 2 Petra Ln, Colonie, NY 12205
    • 9 Spices Indian Cuisine & Bar (Albany) — 1614 Central Ave, Colonie, NY 12205
    • Sodexo — 220 washington ave ext unit 6, albany, ny 12203

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.844019
    Latitude
    42.7126553

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    FAQs

    What type of property is this?
    Flex space - Clean flex warehouse space with an at-grade roll-up door and heater, suited for light industrial and service uses.
    Where is this flex space located?
    The property is located at 14 Petra Lane Albany, NY.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: About 2,600 SF clean flex warehouse in a well‑maintained flex office/warehouse park at 14 Petra Lane; At‑grade 16' wide by 14' high roll‑up overhead door for convenient loading; 24'6" height to center beam, sloping to 19'11" at the sides of the space
    (518) 573-5853
    We can help!
    Listing Contact
    Bruce Ginsburg
    Bruce Ginsburg
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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