Tenant-Occupied Office Condo
25140 E Lahser Road Southfield, MI 48033
25140 E Lahser Road, Southfield, MI, 48033
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For Sale
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Tenant-occupied office suite in a multi-suite office condominium complex, currently producing monthly rental income.
Property Size298 SF
Price / SF$50.34
Days on Market11
Property Features for 25140 E Lahser Road
General Information
- Standard status
- Active
- Size
- 298 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing agency
Front Page Properties
Listed by
Ebony Cochran
Source
Thebrokeragehouse
Added: Jul 13 Updated: Jul 14 at 2:07AM Checked: Jul 23 at 6:37AM
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 Front Page Properties
Investment Insights
Based on property information with market context.
Suite C-212 is an approximately 298-square-foot office condominium within the Matterhorn Office Condominium complex. The suite is currently tenant-occupied and generating approximately $450 per month in rental income. The new owner can set the rental rate going forward, and the tenant is responsible for the DTE bill.
The property is located in an established office condominium setting near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, supporting convenient access for clients and staff. Condo association dues are approximately $103 per month and cover certain building and common area expenses, including utilities, trash, grass, and snow.
This is offered for sale as an individual suite, and the seller may also consider purchases as part of a larger seven-unit office condo portfolio. Buyer and buyer’s agent should verify all lease terms, rental income, taxes, association dues, square footage, bylaws, and other material information.
The property is located in an established office condominium setting near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, supporting convenient access for clients and staff. Condo association dues are approximately $103 per month and cover certain building and common area expenses, including utilities, trash, grass, and snow.
This is offered for sale as an individual suite, and the seller may also consider purchases as part of a larger seven-unit office condo portfolio. Buyer and buyer’s agent should verify all lease terms, rental income, taxes, association dues, square footage, bylaws, and other material information.
Key Highlights
- Tenant‑occupied office condo suite (C‑212) within Matterhorn Office Condominium at 25140 Lahser Rd
- Approximately 298 SF office space in a building constructed in 1977
- Currently generates approximately $450/month in rental income (tenant pays the DTE bill)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.8k | $6.00 |
| − Vacancy | −$420 | −$1.41 |
| EGI | $1.4k | $4.59 |
| − OpEx | −$342 | −$1.15 |
| NOI | $1.0k | $3.44 |
298 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$14.7K
$12.8K – $17.1K
NOI $1,026 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$64.3K
$56.2K – $75.0K
NOI $4,499 @ 7.0% cap · market cap 29.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Detroit Media Specialists
Recording Studio
Detroit Life Agency ...
Insurance Agency
Dun-Rite Plumbing & Sewer ...
Plumbing Service
Cagwin Insurance Agency ...
Insurance Agency
Kingdom Culture Consulting ...
Business To Business Service
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FAQs
What type of property is this?
Office units - Tenant-occupied office suite in a multi-suite office condominium complex, currently producing monthly rental income.
Where is this office units located?
The property is located at 25140 E Lahser Road Southfield, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Tenant‑occupied office condo suite (C‑212) within Matterhorn Office Condominium at 25140 Lahser Rd; Approximately 298 SF office space in a building constructed in 1977; Currently generates approximately $450/month in rental income (tenant pays the DTE bill)
