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    Lease-Up Office Condo Suite Title is generated by Realmo AI

    C203-25140 Lahser Road, Southfield, MI 48033

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    For Sale
    $35,000

    Income-producing office condo within the Matterhorn complex, offering a mix of occupied offices and one available space.

    Property size:
    707 SF
    Price / SF:
    $49/SF
    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

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    Ebony Cochran

    Listing office Front Page Properties

    Listing date May 22, 2026

    Source Exprealty

    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

    • 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

    Suite C-203 is an income-producing office condo located within the Matterhorn Office Condominium complex. The suite offers approximately 707 square feet and is currently configured as multiple individual office spaces, supporting professional office use. Existing tenants are in place, and there is one vacant office available for additional rental occupancy. Monthly condo association dues are approximately $246 per month and may cover certain building and common area expenses. Buyer 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 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
    707 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $34.8K
    $30.4K – $40.6K (±1% cap)
    NOI $2,434 @ 7.0% cap · market cap 6.95%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $152.5K
    $133.4K – $177.9K (±1% cap)
    NOI $10,675 @ 7.0% cap · market cap 30.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Gym & Fitness Center Skin Care Clinic Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.258469
    Latitude
    42.444352

    FAQs

    What type of property is this?
    Office units - Income-producing office condo within the Matterhorn complex, offering a mix of occupied offices and one available space.
    Where is this office units located?
    The property is located at C203-25140 Lahser Road Southfield, MI.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: 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)
    More about this property
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