Multi-Office Condo
25140 Lahser Road Unit SourceFi Southfield, MI 48033
For Sale
$60,000
Income-producing office condo suite with five rentable offices and current occupancy of four offices.
Property Size1,257 SF
Price / SF$47.73
Days on Market66
Property Features for 25140 Lahser Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,257 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency:
(313) 435-8550
Listed By:
Front Page Properties
(313) 435-8550
Source:
Xome
Added: May 20
Changed: Jul 18
Last Checked: Jul 24 at 5:13AM
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-242 is an income-producing office condo within the Matterhorn Office Condominium complex. The suite is configured as five individual rentable office spaces, with four offices currently occupied and one office vacant, resulting in approximately 80% leased occupancy. Current rental income is approximately $1,130 per month, with additional potential tied to leasing the remaining vacant office.
The property is located at 25140 Lahser Rd in Southfield and is described as being convenient to Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, providing access for clients, staff, and professional service users.
Monthly condo association dues are approximately $436 per 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 property is located at 25140 Lahser Rd in Southfield and is described as being convenient to Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, providing access for clients, staff, and professional service users.
Monthly condo association dues are approximately $436 per 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.
Key Highlights
- Suite C‑242 offers approximately 1,257 sq ft of office space in the Matterhorn Office Condominium at 25140 Lahser Rd
- Configured with 5 individual rentable office spaces; 4 offices occupied and 1 office vacant for ~80% leased occupancy
- Current rental income is approximately $1,130/month, with potential additional income by leasing the remaining vacant office
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 |
1,257 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$61.8K
$54.1K – $72.1K
NOI $4,327 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$271.1K
$237.2K – $316.3K
NOI $18,979 @ 7.0% cap · market cap 31.63%
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
FAQs
What type of property is this?
Office units - Income-producing office condo suite with five rentable offices and current occupancy of four offices.
Where is this office units located?
The property is located at 25140 Lahser Road Unit SourceFi 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: Suite C‑242 offers approximately 1,257 sq ft of office space in the Matterhorn Office Condominium at 25140 Lahser Rd; Configured with 5 individual rentable office spaces; 4 offices occupied and 1 office vacant for ~80% leased occupancy; Current rental income is approximately $1,130/month, with potential additional income by leasing the remaining vacant office
