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    12 Petra Ln Albany, NY 12205

    Sponsored
    For Lease
    Contact for pricing

    5,300 SF Available in Prime Location

    Lot size:
    31,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,300 square foot executive office space is situated in a Class B building at 12 Petra Ln, Albany, NY 12205, within Albany County. The entire building comprises 31,000 square feet and is currently configured as a single suite, offering a unique opportunity for a single tenant to occupy the entire vacant space. Built in 1994, the property boasts a highly desirable location, just off Central Avenue in the Village of Colonie, offering convenient access to a wide range of amenities and services. Its strategic proximity to Exit 2 of I-87 provides unparalleled connectivity to major transportation arteries, making it an ideal location for businesses requiring easy access to regional and national transportation networks. The property's location is particularly well-suited for distributors, service-type businesses, and healthcare industries. The available space presents a blank canvas for customization, allowing businesses to design their ideal workspace to meet their specific operational needs. This is a rare opportunity to secure a significant amount of office space in a highly sought-after location. The property is available for multiple tenants.

    Property Features for 12 Petra Ln

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,000 SF
    Class
    B

    Building Details

    Year Built
    1994

    Unit(s) available at that property

    Space
    Suite 5
    Size
    5,300 SF

    HighLights

    • 5,300 SF of executive office space in a 31,000 SF Class B building at 12 Petra Ln, Albany, NY.
    • Professionally designed office space.
    • Features LED lighting, loading dock, and drive‑in door.
    • Excellent access to I‑87 and I‑90.
    • Photos available at: https://photos.app.goo.gl/v62bzQktmLM7Kv918
    Property Profile Location Intelligence

    Current Use by Public Records

    Hardy Diagnostics Medical Diagnostic Imaging Center Tina M. Laferriere, ... Registered General Nurse Meerkat Pest Control Pest Control Service Lorraine Janack Registered General Nurse Ruth Marshall, RN Doctor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8446743
    Latitude
    42.7122384

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    FAQs

    What type of property is this?
    Office Property / Space - 5,300 SF Available in Prime Location
    Where is this office property / space located?
    The property is located at 12 Petra Ln Albany, NY.
    What are key features of this property?
    This property features: 5,300 SF of executive office space in a 31,000 SF Class B building at 12 Petra Ln, Albany, NY.; Professionally designed office space.; Features LED lighting, loading dock, and drive-in door.
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    Albany, NY 12205
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    12 Petra Ln Albany, NY 12205
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