C203-25140 Lahser Road, Southfield, MI 48033
Income-producing office condo within the Matterhorn complex, offering a mix of occupied offices and one available space.
- Added:
- May 22, 2026
- Days on Market:
- 46
- Last Refresh:
- Jun 23 at 1:49 am
Property Features for C203-25140 Lahser Road
General Information
- Standard status
- Active
- Size
- 707 SF
Listing office Front Page Properties (313) 435-8550
Listing date May 22, 2026
Source Exprealty
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HighLights
- Office condo suite C‑203 in the Matterhorn Office Condominium complex at 25140 Lahser Rd
- Approximately 707 sq ft with a multi‑office configuration and existing tenants in place
- Includes one vacant office available for additional rental income (buyer to verify all lease details)
- Monthly condo association dues are approximately $246/month and may cover certain building/common area expenses
- Southfield location with access near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I‑696
Overview
The property is located at 25140 Lahser Rd in Southfield and provides convenient access to major area roadways, including Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696. This makes the space workable for client-facing teams and for ongoing service providers that need straightforward commuting routes.
For tenants, this suite format can support teams that benefit from multiple private offices within an established office condo environment. For buyers, the current occupancy plus one available office creates a practical path to leasing in place, whether the buyer is focused on immediate income or a future owner-user looking for an affordable professional office setting in a developed business corridor. This suite may also be purchased as part of a larger seven-unit office condo portfolio, subject to the seller’s terms.
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 | $4.2k | $6.00 |
| − Vacancy | −$997 | −$1.41 |
| EGI | $3.2k | $4.59 |
| − OpEx | −$811 | −$1.15 |
| NOI | $2.4k | $3.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.258469
- Latitude
- 42.444352