25140 Lahser Road #C242, Southfield, MI 48033
Income-producing office condominium suite configured as multiple rentable offices in the Matterhorn complex.
- Added:
- May 22, 2026
- Days on Market:
- 48
- Last Refresh:
- Jul 8 at 3:16 am
Property Features for 25140 Lahser Road #C242
General Information
- Standard status
- Active
- Size
- 1,257 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing office Front Page Properties (313) 435-8550
Listing date May 22, 2026
Source Sabudarealty
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
HighLights
- Office condo suite in the Matterhorn Office Condominium at 25140 Lahser Rd, built in 1977
- Approximately 1,257 sq ft currently configured as 5 rentable offices
- About 80% leased: 4 offices occupied and 1 office vacant (lease‑up upside)
- Current rental income is approximately $1,130/month, with potential to increase by leasing the vacant office
- Monthly condo association dues are approximately $436/month (buyer to verify what’s included)
- Convenient access near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I‑696
Overview
The property is positioned for day-to-day business access, with proximity described to Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696. This location supports client and staff travel for professional office users.
This suite can fit an investor seeking existing cash flow through a partially occupied, multi-office arrangement, or a future owner-user who may want to occupy one office while leasing the remaining spaces. The seller also notes the possibility of purchasing this suite as part of a larger seven-unit office condo portfolio. Buyer and buyer’s agent should verify all lease terms, rental income, taxes, association dues, square footage, suite configuration, bylaws, and any other material information.
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 | $7.5k | $6.00 |
| − Vacancy | −$1.8k | −$1.41 |
| EGI | $5.8k | $4.59 |
| − OpEx | −$1.4k | −$1.15 |
| NOI | $4.3k | $3.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2595389
- Latitude
- 42.4736058
