Tenant-Occupied Office
For Sale
Contact for pricing
25140 E Lahser Road C212, Southfield, MI 48033
Professional suite within an established office condominium complex with access to major local roads and I-696.
Property Size298 SF
Price / SF$50.34
Days on Market50
Property Features for 25140 E Lahser Road C212
General Information
Standard status
Active
Size
298 SF
Occupancy
100%
Financials
Gross Income
$5,400
HOA Fee
$103
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Office Units
1
Building Details
Year Built
1977
Owner Occupied
No
Listing Agency:
Front Page Properties
Listed By:
Ebony Cochran · License #456182
(313) 435-8550
Source:
Premiermichiganhomesearch
Added: Jul 18
Changed: Aug 28
Last Checked: Sep 5 at 11:09AM
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 sq ft office condominium unit within the Matterhorn Office Condominium complex. The space is currently occupied by a tenant and is configured as a compact professional office suitable for continued office use or future owner occupancy.
The property is located at 25140 E Lahser Road in Southfield, near Lahser Road, 10 Mile Road, Telegraph, Northwestern Highway, and I-696. The individual suite may also be acquired with a larger seven-unit office condominium portfolio, subject to the seller’s consideration of package offers.
The property is located at 25140 E Lahser Road in Southfield, near Lahser Road, 10 Mile Road, Telegraph, Northwestern Highway, and I-696. The individual suite may also be acquired with a larger seven-unit office condominium portfolio, subject to the seller’s consideration of package offers.
Key Highlights
- Approximately 298 sq ft office condo suite
- Suite C‑212 within the Matterhorn Office Condominium complex
- Currently occupied by a tenant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,026
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,520
$20.5K
Cap Rate 7%
$14,657
$14.7K
Cap Rate 9%
$11,400
$11.4K
Market Conditions
NOI Build-Up for 298 SF
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.
Gross rent
$1.8K $6.00/SF
− Vacancy
−$420 −$1.41/SF
EGI
$1.4K $4.59/SF
− OpEx
−$342 −$1.15/SF
NOI
$1.0K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$20,520
Cap Rate 7%
$14,657
Cap Rate 9%
$11,400
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 48033, MI
17,207
Population
9,198
Households
1.9
Avg Household Size
47
Median Age
33%
College-Educated
93%
High-School Grad
9.1 sq mi
ZIP Area
1,891
Density / Sq Mi
$55,599
Median Household Income
$45,192
Median Earnings
$1,242
Median Rent
$195,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Professional suite within an established office condominium complex with access to major local roads and I-696.
Where is this office units located?
The property is located at 25140 E Lahser Road C212 Southfield, MI.
What are key features of this property?
This property features: Approximately 298 sq ft office condo suite; Suite C‑212 within the Matterhorn Office Condominium complex; Currently occupied by a tenant
