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    12 Petra Ln Albany, NY 12205
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    Property profile & analytics

    12 Petra Ln Albany, NY 12205


    • Warehouses
    • 31,000 SF
    • 3.33 lot acres
    Versatile Flex Space in Colonie For Lease
    $1,130,000

    Versatile Flex Space in Colonie

    Flex space suitable for distributors, service businesses, and healthcare.

    12 Petra Ln, Albany, NY 12205
    View Listing
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hardy Diagnostics / Medical Clinic
    • Tina M. Laferriere, LPN / Registered General Nurse / Physical Therapy Clinic
    • Meerkat Pest Control / Garden Center
    • Lorraine Janack / Registered General Nurse
    • Ruth Marshall, RN / Physician

    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 Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $738,000
      Market price range: $414k - $746k
    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,580,000
      Current use

    Get a detailed, property-specific estimation — fast and free


    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
    View Listing
    More about this property
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