Tenant-Occupied Office Condo
25140 E Lahser Road #C123 Southfield, MI 48033
25140 E Lahser Road #C123, Southfield, MI, 48033
$34,000
For Sale
$34,000
Office condo suite within the Matterhorn Office Condominium complex, currently tenant-occupied and producing monthly rental income.
Property Size672 SF
Price / SF$50.60
Days on Market64
Property Features for 25140 E Lahser Road #C123
General Information
- Standard status
- Active
- Size
- 672 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing agency
Front Page Properties
(313) 435-8550
Listed by
Ebony Cochran · License #6501456182
(313) 435-8550
Source
Carolbollo
Added: May 21 Updated: Jul 11 at 2:23AM Checked: Jul 22 at 6:20AM
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-123 is an approximately 672-square-foot office condo located within the Matterhorn Office Condominium complex. The suite is currently tenant-occupied and generating $900 per month in rental income, offering a setup that can suit either an investor looking for immediate cash flow or an owner-user seeking office space in an established business corridor. Condo association dues are approximately $250 per month and may cover certain building and common area expenses. Buyer and buyer’s agent should verify all lease terms, rental income, taxes, association dues, square footage, bylaws, permitted uses, and any other material information.
The complex is located at 25140 E Lahser Road in Southfield and is positioned for access to Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696.
The seller indicates this suite may also be purchased as part of a larger 7-unit office condo portfolio, and will consider individual suite sales or package offers.
The complex is located at 25140 E Lahser Road in Southfield and is positioned for access to Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696.
The seller indicates this suite may also be purchased as part of a larger 7-unit office condo portfolio, and will consider individual suite sales or package offers.
Key Highlights
- Office condo suite in the Matterhorn Office Condominium complex at 25140 Lahser Rd
- Suite C‑123 offers approximately 672 sq ft and is currently tenant‑occupied
- Generating $900/month in rental income
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 | $4.0k | $6.00 |
| − Vacancy | −$948 | −$1.41 |
| EGI | $3.1k | $4.59 |
| − OpEx | −$771 | −$1.15 |
| NOI | $2.3k | $3.44 |
672 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$33.0K
$28.9K – $38.6K
NOI $2,313 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$144.9K
$126.8K – $169.1K
NOI $10,146 @ 7.0% cap · market cap 29.84%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office condo suite within the Matterhorn Office Condominium complex, currently tenant-occupied and producing monthly rental income.
Where is this office units located?
The property is located at 25140 E Lahser Road #C123 Southfield, MI.
What is the asking price?
The asking price for this property is $34,000.
What are key features of this property?
This property features: Office condo suite in the Matterhorn Office Condominium complex at 25140 Lahser Rd; Suite C‑123 offers approximately 672 sq ft and is currently tenant‑occupied; Generating $900/month in rental income
