Office Condo Suite with
25140 Lahser Road #C271 Southfield, MI 48033
25140 Lahser Road #C271, Southfield, MI, 48033
$39,000
For Sale
$39,000
Office condo suite in the Matterhorn complex, configured with multiple offices, currently 66.67% leased.
Property Size787 SF
Price / SF$49.56
Days on Market63
Property Features for 25140 Lahser Road #C271
General Information
- Standard status
- Active
- Size
- 787 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 22 at 2:54AM Checked: Jul 22 at 2:54AM
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-271 is an income-producing office condo suite within the Matterhorn Office Condominium complex at 25140 Lahser Rd. The suite is approximately 787 sq ft and is configured as multiple rentable office spaces, with 2 offices occupied and 1 office vacant, resulting in an approximately 66.67% leased position. Current rental income is approximately $750 per month, with additional upside available by leasing the remaining vacant office. Monthly condo association dues are approximately $275 and may cover certain building or common area expenses.
The location is described as convenient to Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, supporting practical access for clients, staff, and professional service users.
The seller notes this suite may also be available as part of a larger 7-unit office condo portfolio, and that individual suite sales or package offers may be considered. 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 location is described as convenient to Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, supporting practical access for clients, staff, and professional service users.
The seller notes this suite may also be available as part of a larger 7-unit office condo portfolio, and that individual suite sales or package offers may be considered. 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.
Key Highlights
- Approx. 787 sq ft office condo suite in the Matterhorn Office Condominium complex (built 1977)
- Suite C‑271 configured as multiple rentable offices with 2 occupied and 1 vacant (approx. 66.67% leased)
- Current rental income of approx. $750/month, with potential to lease additional vacant office space
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 | $4.7k | $6.00 |
| − Vacancy | −$1.1k | −$1.41 |
| EGI | $3.6k | $4.59 |
| − OpEx | −$903 | −$1.15 |
| NOI | $2.7k | $3.44 |
787 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$38.7K
$33.9K – $45.2K
NOI $2,709 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$169.7K
$148.5K – $198.0K
NOI $11,882 @ 7.0% cap · market cap 30.47%
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 - Office condo suite in the Matterhorn complex, configured with multiple offices, currently 66.67% leased.
Where is this office units located?
The property is located at 25140 Lahser Road #C271 Southfield, MI.
What is the asking price?
The asking price for this property is $39,000.
What are key features of this property?
This property features: Approx. 787 sq ft office condo suite in the Matterhorn Office Condominium complex (built 1977); Suite C‑271 configured as multiple rentable offices with 2 occupied and 1 vacant (approx. 66.67% leased); Current rental income of approx. $750/month, with potential to lease additional vacant office space
