Five-Office Condo
25140 Lahser Road #C252, Southfield, MI 48033
For Sale
Contact for pricing
Multi-office condominium suite offering existing occupancy and flexibility for an owner-user or investor.
Property Size1,271 SF
Price / SF$19.67
Days on Market76
Property Features for 25140 Lahser Road #C252
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Gross Income
HOA Fee
Site & Location
Highway Access
Road Access
Additional Details
Office Units
Building Details
Year Built
Tenancy
Listing Agency:
Front Page Properties
Listed By:
Ebony Cochran · License #456182
(313) 435-8550
Source:
Bhhssnyder
Added: Aug 24
Changed: Nov 5
Last Checked: Nov 6 at 6:00AM
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
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Investment Insights
Based on property information with market context.
Suite C-252 is an office condominium containing approximately 1,271 square feet configured into 5 individual office spaces. Four offices are occupied and one is vacant, resulting in approximately 80% leased occupancy. The layout supports continued leasing or partial owner occupancy while maintaining other offices as rental space. The building dates to 1977, and the suite may be acquired individually or within a larger 7-unit office condo portfolio.
The property is located at 25140 Lahser Road in Southfield, near Lahser Road, 10 Mile Road, Telegraph, Northwestern Highway, and I-696. This places the office suite within reach of several established roads serving clients, employees, and professional-service users. Association documents, lease terms, suite configuration, taxes, and other material property information require buyer verification.
The property is located at 25140 Lahser Road in Southfield, near Lahser Road, 10 Mile Road, Telegraph, Northwestern Highway, and I-696. This places the office suite within reach of several established roads serving clients, employees, and professional-service users. Association documents, lease terms, suite configuration, taxes, and other material property information require buyer verification.
Key Highlights
- Approximately 1,271 sq ft of office space in Suite C‑252
- 5 individual office spaces with 4 occupied and 1 vacant
- Approximately 80% leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,375
Suggested Prices Based on Cap Rates
Cap Rate 5%
$87,500
$87.5K
Cap Rate 7%
$62,500
$62.5K
Cap Rate 9%
$48,611
$48.6K
Market Conditions
NOI Build-Up for 1,271 SF
Gross rent
$7.6K $6.00/SF
− Vacancy
−$1.8K −$1.41/SF
EGI
$5.8K $4.59/SF
− OpEx
−$1.5K −$1.15/SF
NOI
$4.4K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$87,500
Cap Rate 7%
$62,500
Cap Rate 9%
$48,611
Alternative Uses
Best Use
Office B
$62.5K
$54.7K – $72.9K
NOI $4,375 @ 7.0% cap · market cap 17.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$274.1K
$239.9K – $319.8K
NOI $19,190 @ 7.0% cap · market cap 76.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
5
Office units
80%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 48033, MI
17,207
Population
9,198
Households
1.9
Avg Household Size
47
Median Age
33%
College-Educated
93%
High-School Grad
9.1 sq mi
ZIP Area
1,891
Density / Sq Mi
$55,599
Median Household Income
$45,192
Median Earnings
$1,242
Median Rent
$195,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Southfield, MI
Properties on Market for Office Units in Southfield
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Multi-office condominium suite offering existing occupancy and flexibility for an owner-user or investor.
Where is this office unit located?
The property is located at 25140 Lahser Road #C252 Southfield, MI.
What are key features of this property?
This property features: Approximately 1,271 sq ft of office space in Suite C‑252; 5 individual office spaces with 4 occupied and 1 vacant; Approximately 80% leased
