Office Condo Suite with
25140 Lahser Road #C203 Southfield, MI 48033
Leased office condo suite within the Matterhorn complex, configured with multiple offices and includes one additional vacant office.
Type:Commercial
Property size:
707 SFPrice / SF:
$49/SF- Added:
- May 22, 2026
- Days on Market:
- 50
- Last Refresh:
- Jul 9 at 2:27 am
Property Features for 25140 Lahser Road #C203
General Information
- Standard status
- Active
- Size
- 707 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing office Front Page Properties (313) 435-8550
Listing date May 22, 2026
Source Carolbollo
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-203 is an income-producing office condominium located within the Matterhorn Office Condominium complex at 25140 Lahser Rd. The suite is approximately 707 square feet and is currently configured as multiple individual office spaces. Existing tenants are in place, with one vacant office available for additional rental upside.
The property is positioned for convenient access near major corridors including Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, supporting easy reach for clients, staff, and professional service providers. Monthly condo association dues are approximately $246 per month and may cover certain building or common area expenses. Buyers should verify all lease terms, rental income, taxes, association dues, square footage, suite configuration, bylaws, and any other information deemed material.
The seller may also consider the suite as part of a larger 7-unit office condo portfolio, with the option for individual suite sales or package offers.
The property is positioned for convenient access near major corridors including Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, supporting easy reach for clients, staff, and professional service providers. Monthly condo association dues are approximately $246 per month and may cover certain building or common area expenses. Buyers should verify all lease terms, rental income, taxes, association dues, square footage, suite configuration, bylaws, and any other information deemed material.
The seller may also consider the suite as part of a larger 7-unit office condo portfolio, with the option for individual suite sales or package offers.
Key Highlights
- Income‑producing office condo suite C‑203 in the Matterhorn Office Condominium complex
- Approximately 707 SF office space configured as multiple individual offices, with existing tenants plus one vacant office for additional rent
- Year built: 1977
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 | $4.2k | $6.00 |
| − Vacancy | −$997 | −$1.41 |
| EGI | $3.2k | $4.59 |
| − OpEx | −$811 | −$1.15 |
| NOI | $2.4k | $3.44 |
707 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$34.8K
$30.4K – $40.6K
NOI $2,434 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$152.5K
$133.4K – $177.9K
NOI $10,675 @ 7.0% cap · market cap 30.50%
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 - Leased office condo suite within the Matterhorn complex, configured with multiple offices and includes one additional vacant office.
Where is this office units located?
The property is located at 25140 Lahser Road #C203 Southfield, MI.
What is the asking price?
The asking price for this property is $35,000.
What are key features of this property?
This property features: Income‑producing office condo suite C‑203 in the Matterhorn Office Condominium complex; Approximately 707 SF office space configured as multiple individual offices, with existing tenants plus one vacant office for additional rent; Year built: 1977
