Lease-Up Office Condominium
25140 Lahser Road Unit C252, Southfield, MI 48033
Multi-office condo suite offers existing income with a partially vacant room for additional leasing.
Type:General Commercial
Property size:
1,271 SFPrice / SF:
$47/SF- Added:
- Apr 30, 2026
- Days on Market:
- 68
- Last Refresh:
- Jun 14 at 1:33 am
Property Features for 25140 Lahser Road Unit C252
General Information
- Standard status
- Active
- Size
- 1,271 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1977
Listing office (313) 877-9020
Listing date Apr 30, 2026
Source Xome
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
- 1,271 SF multi‑office condo suite (Suite C‑252) in the Matterhorn Office Condominium at 25140 Lahser Rd
- Currently configured as 5 rentable offices: 4 occupied and 1 vacant (about 80% leased) with lease‑up upside
- Current rental income is approximately $910/month per seller‑provided rent roll
- Monthly condo association dues are approximately $441/month (buyer to verify what’s included)
- Built in 1977; located near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I‑696
- Lot dimensions listed as 110 X 80; may be purchased with a larger 7‑unit office condo portfolio
Overview
Suite C-252 is an income-producing office condominium located within the Matterhorn Office Condominium complex. The space is configured into five individual rentable offices, with four offices currently occupied and one office vacant, resulting in approximately 80% leased occupancy based on the seller-provided rent roll. The unit is offered for sale with the flexibility for an investor to continue receiving rental income or for a future owner-user to occupy one office while leasing the remaining rooms.
The suite is located at 25140 Lahser Rd in Southfield and provides access to major regional thoroughfares, including Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696. This connectivity supports convenient visits for clients, staff, and professional service users.
Condominium association dues are approximately $441 per month, and may cover certain building or common area expenses. As disclosed, current rental income is approximately $910 per month, with additional leasing upside tied to the remaining vacant office. Buyers and buyers’ agents should verify all lease terms, rental income, taxes, association dues, square footage, suite configuration, bylaws, and any other material details prior to closing.
The suite is located at 25140 Lahser Rd in Southfield and provides access to major regional thoroughfares, including Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696. This connectivity supports convenient visits for clients, staff, and professional service users.
Condominium association dues are approximately $441 per month, and may cover certain building or common area expenses. As disclosed, current rental income is approximately $910 per month, with additional leasing upside tied to the remaining vacant office. Buyers and buyers’ agents should verify all lease terms, rental income, taxes, association dues, square footage, suite configuration, bylaws, and any other material details prior to closing.
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.
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
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2595389
- Latitude
- 42.4736058
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Multi-office condo suite offers existing income with a partially vacant room for additional leasing.
Where is this office units located?
The property is located at 25140 Lahser Road Unit 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: 1,271 SF multi‑office condo suite (Suite C‑252) in the Matterhorn Office Condominium at 25140 Lahser Rd; Currently configured as 5 rentable offices: 4 occupied and 1 vacant (about 80% leased) with lease‑up upside; Current rental income is approximately $910/month per seller‑provided rent roll
