Income-Generating Office Condo
25140 Lahser Road #C232 Southfield, MI 48033
25140 Lahser Road #C232, Southfield, MI, 48033
$50,000
For Sale
$50,000
Office condo suite configured as six individual offices within the Matterhorn Office Condominium complex.
Property Size1,010 SF
Price / SF$49.50
Days on Market63
Property Features for 25140 Lahser Road #C232
General Information
- Standard status
- Active
- Size
- 1,010 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
Sabudarealty
Added: May 22 Updated: Jul 22 at 10:01AM Checked: Jul 22 at 10:01AM
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-232 is an income-producing office condo within the Matterhorn Office Condominium complex. The suite is approximately 1,010 sq ft and is currently configured as six individual rentable office spaces. Four offices are occupied and two offices are vacant, resulting in approximately 66.67% leased occupancy, with current rental income noted as approximately $1,250 per month.
The property is located at 25140 Lahser Rd in Southfield and is described as convenient to Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, supporting access for clients, staff, and professional service users.
Monthly condo association dues are approximately $350 and cover certain building and common area expenses. All information, including lease terms, rental income, taxes, association dues, square footage, suite configuration, and bylaws, should be verified by the buyer. The seller may also consider the suite as part of a larger seven-unit office condo portfolio.
The property is located at 25140 Lahser Rd in Southfield and is described as convenient to Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, supporting access for clients, staff, and professional service users.
Monthly condo association dues are approximately $350 and cover certain building and common area expenses. All information, including lease terms, rental income, taxes, association dues, square footage, suite configuration, and bylaws, should be verified by the buyer. The seller may also consider the suite as part of a larger seven-unit office condo portfolio.
Key Highlights
- 1,010 sq ft office condo suite (Suite C‑232) in the Matterhorn Office Condominium complex
- Currently configured as 6 individual rentable offices: 4 occupied and 2 vacant (about 66.67% leased)
- Approx. $1,250/month current rental income, with upside from leasing the remaining vacant offices
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 | $6.1k | $6.00 |
| − Vacancy | −$1.4k | −$1.41 |
| EGI | $4.6k | $4.59 |
| − OpEx | −$1.2k | −$1.15 |
| NOI | $3.5k | $3.44 |
1,010 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$49.7K
$43.5K – $58.0K
NOI $3,477 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$217.8K
$190.6K – $254.2K
NOI $15,249 @ 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
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office condo suite configured as six individual offices within the Matterhorn Office Condominium complex.
Where is this office units located?
The property is located at 25140 Lahser Road #C232 Southfield, MI.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: 1,010 sq ft office condo suite (Suite C‑232) in the Matterhorn Office Condominium complex; Currently configured as 6 individual rentable offices: 4 occupied and 2 vacant (about 66.67% leased); Approx. $1,250/month current rental income, with upside from leasing the remaining vacant offices
