25140 Lahser Road Southfield, MI 48033
Multi-suite office condo package in the Matterhorn Office Condominium complex with 7 suites and 22 rentable offices.
Property Features for 25140 Lahser Road
General Information
- Standard status
- Active
- Size
- 6,001 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing office Front Page Properties (313) 435-8550
Listing date May 16, 2026
Source Phgrealty
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All listing content including descriptions, pricing, images are the copyrighted material of Front Page Properties
Investment Insights
Based on property information with market context.
The units are currently rented and generating rental income. Condo association dues cover certain building and common area expenses, including common area utilities, trash pickup, portions of repairs, and building-related insurance items. Buyer and buyer’s agent should verify association coverage, lease details, rental income, taxes, square footage, bylaws, allowable uses, and all other material information.
For access, the property is located in Southfield near Lahser Rd, 10 Mile, Telegraph, Northwestern Hwy, and I-696. Seller may consider land contract terms with a minimum $200,000 down payment and a remaining balance of $99,999 paid over 24 months at 5% annual interest, subject to seller approval.
Key Highlights
- 1977‑built Matterhorn Office Condominium portfolio at 25140 Lahser Rd in Southfield
- 7 office condo suites totaling approx. 6,001 sq ft, within the Matterhorn Office Condominium complex
- Units are configured as 22 individual rentable office suites: 17 occupied and 5 vacant (~77% leased)
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 | $36.0k | $6.00 |
| − Vacancy | −$8.5k | −$1.41 |
| EGI | $27.5k | $4.59 |
| − OpEx | −$6.9k | −$1.15 |
| NOI | $20.7k | $3.44 |
