Tenant-Occupied Office Condo
25140 E Lahser Road #C212 Southfield, MI 48033
25140 E Lahser Road #C212, Southfield, MI, 48033
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For Sale
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Tenant-occupied office condo suite within the Matterhorn Office Condominium complex, generating monthly rental income.
Property Size298 SF
Price / SF$50.34
Days on Market64
Property Features for 25140 E Lahser Road #C212
General Information
- Standard status
- Active
- Size
- 298 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
Phgrealty
Added: May 21 Updated: Jul 11 at 3:12AM Checked: Jul 22 at 6:29AM
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 affordable, tenant-occupied office condo located within the Matterhorn Office Condominium complex. The space is approximately 298 square feet and is currently generating approximately $450 per month in rental income. The tenant pays the DTE bill. Condo association dues are approximately $103 per month and cover certain building and common area expenses, including utilities, trash, grass, and snow.
The property is located near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, offering convenient access for clients and professional service users. The suite’s address is 25140 E Lahser Road #C212 in Southfield, Michigan.
The seller may consider individual suite sales or package offers, and this suite may also be purchased as part of a larger 7-unit office condo portfolio. Buyer and buyer’s agent should verify all lease terms, rental income, taxes, association dues, square footage, bylaws, and any other information deemed material.
The property is located near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, offering convenient access for clients and professional service users. The suite’s address is 25140 E Lahser Road #C212 in Southfield, Michigan.
The seller may consider individual suite sales or package offers, and this suite may also be purchased as part of a larger 7-unit office condo portfolio. Buyer and buyer’s agent should verify all lease terms, rental income, taxes, association dues, square footage, bylaws, and any other information deemed material.
Key Highlights
- Tenant‑occupied office condo suite (C‑212) in Matterhorn Office Condominium complex
- Approximately 298 sq ft of office space; currently generates approximately $450/month in rental income
- Suite is tenant‑occupied; new owner can set the rental rate going forward
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 condo suite within the Matterhorn Office Condominium complex, generating monthly rental income.
Where is this office units located?
The property is located at 25140 E Lahser Road #C212 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) in Matterhorn Office Condominium complex; Approximately 298 sq ft of office space; currently generates approximately $450/month in rental income; Suite is tenant‑occupied; new owner can set the rental rate going forward
