Leased Office Condo
25140 Lahser Road #C252 Southfield, MI 48033
25140 Lahser Road #C252, Southfield, MI, 48033
$60,000
For Sale
$60,000
Office condo suite configured as five rentable offices, with four currently occupied and one vacant within the Matterhorn complex.
Property Size1,271 SF
Price / SF$47.21
Days on Market63
Property Features for 25140 Lahser Road #C252
General Information
- Standard status
- Active
- Size
- 1,271 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
Homesforsaleinmich
Added: May 22 Updated: Jul 21 at 2:05PM Checked: Jul 22 at 6:21AM
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-252 is an income-producing office condo within the Matterhorn Office Condominium complex at 25140 Lahser Rd. The suite is approximately 1,271 sq ft and currently configured as five individual rentable office spaces, with four offices occupied and one office vacant, providing roughly 80% leased occupancy based on the seller-provided information. This setup offers flexibility for an investor seeking existing rental income or an owner-user who may occupy one office while continuing to lease the remaining space.
The property is conveniently located near 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 $441/month and may cover certain building or common area expenses. 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.
The seller may also consider purchasing the suite as part of a larger 7-unit office condo portfolio, with options for individual suite sales or package offers.
The property is conveniently located near 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 $441/month and may cover certain building or common area expenses. 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.
The seller may also consider purchasing the suite as part of a larger 7-unit office condo portfolio, with options for individual suite sales or package offers.
Key Highlights
- Approximately 1,271 SF office condo suite in the Matterhorn Office Condominium complex at 25140 Lahser Rd
- Suite is configured as 5 rentable offices: 4 occupied and 1 vacant (about 80% leased)
- Current rental income is approximately $910/month based on seller‑provided rent roll, with upside from leasing the vacant office
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 | $7.6k | $6.00 |
| − Vacancy | −$1.8k | −$1.41 |
| EGI | $5.8k | $4.59 |
| − OpEx | −$1.5k | −$1.15 |
| NOI | $4.4k | $3.44 |
1,271 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$62.5K
$54.7K – $72.9K
NOI $4,375 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$274.1K
$239.9K – $319.8K
NOI $19,190 @ 7.0% cap · market cap 31.98%
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 five rentable offices, with four currently occupied and one vacant within the Matterhorn complex.
Where is this office units located?
The property is located at 25140 Lahser Road #C252 Southfield, MI.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Approximately 1,271 SF office condo suite in the Matterhorn Office Condominium complex at 25140 Lahser Rd; Suite is configured as 5 rentable offices: 4 occupied and 1 vacant (about 80% leased); Current rental income is approximately $910/month based on seller‑provided rent roll, with upside from leasing the vacant office
