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    Property profile & analytics

    12 Petra Ln Albany, NY 12205

    • Warehouses
    • 31,000 SF
    • 3.33 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US63-3469114
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hardy Diagnostics / Medical Diagnostic Imaging Center
    • Tina M. Laferriere, LPN / Physical Therapy Clinic / Registered General Nurse
    • Meerkat Pest Control / Pest Control Service / Bird Control Service
    • Lorraine Janack / Registered General Nurse
    • Ruth Marshall, RN / Doctor

    Property Details for 12 Petra Ln

    Year built
    1994
    Lot size
    3.33 lot acres
    Property size
    31,000 SF
    Zone code
    48
    Property type
    Warehouses
    APN
    012601 41.11-3-2.12
    APU
    1260141113212

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8448
    Latitude
    42.7122
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $249,800
    $1,250,200
    $1,500,000
    -
    $489,808
    $2,451,392
    $2,941,200

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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
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