Tenant-Occupied Office Condo
C212-25140 Lahser Rd Southfield, MI 48033
C212-25140 Lahser Rd, Southfield, MI, 48033
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For Sale
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Tenant-occupied office condo suite in the Matterhorn complex, offering approximately 298 sq ft and current monthly rental income.
Property Size297 SF
Price / SF$50.51
Days on Market64
Property Features for C212-25140 Lahser Rd
General Information
- Standard status
- Active
- Size
- 297 SF
Listing agency
Front Page Properties
(313) 435-8550
Listed by
Ebony Cochran · License #6501456182
(313) 435-8550
Source
Exprealty
Added: May 21 Updated: Jul 21 at 6:38AM Checked: Jul 22 at 9:45AM
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.
This tenant-occupied office condo suite, identified as C-212, is located within the Matterhorn Office Condominium complex. The suite offers approximately 298 square feet of office space and is currently generating approximately $450 per month in rental income. The new owner can set the rental rate moving forward. The tenant is responsible for the DTE bill, and condo association dues are approximately $103 per month, covering certain building and common area expenses including utilities, trash, grass, and snow.
The Matterhorn Office Condominium complex is located near Lahser Rd and within convenient access to 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696. The seller notes that all information should be verified by the buyer and buyer’s agent, including lease terms, rental income, taxes, association dues, square footage, bylaws, and any other material details. This suite may also be available as part of a larger 7-unit office condo portfolio, with the seller considering individual suite sales or package offers.
The Matterhorn Office Condominium complex is located near Lahser Rd and within convenient access to 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696. The seller notes that all information should be verified by the buyer and buyer’s agent, including lease terms, rental income, taxes, association dues, square footage, bylaws, and any other material details. This suite may also be available as part of a larger 7-unit office condo portfolio, with the seller considering individual suite sales or package offers.
Key Highlights
- Tenant‑occupied office condo suite C‑212 in the Matterhorn Office Condominium complex at 25140 Lahser Rd
- Approximately 298 sq ft of office space with current rental income of about $450/month
- Tenant pays the DTE bill; association dues are approximately $103/month and cover select building/common‑area expenses
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 | $1.8k | $6.00 |
| − Vacancy | −$419 | −$1.41 |
| EGI | $1.4k | $4.59 |
| − OpEx | −$341 | −$1.15 |
| NOI | $1.0k | $3.44 |
297 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$14.6K
$12.8K – $17.0K
NOI $1,022 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$64.1K
$56.1K – $74.7K
NOI $4,484 @ 7.0% cap · market cap 29.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Tenant-occupied office condo suite in the Matterhorn complex, offering approximately 298 sq ft and current monthly rental income.
Where is this office units located?
The property is located at C212-25140 Lahser Rd Southfield, MI.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Tenant‑occupied office condo suite C‑212 in the Matterhorn Office Condominium complex at 25140 Lahser Rd; Approximately 298 sq ft of office space with current rental income of about $450/month; Tenant pays the DTE bill; association dues are approximately $103/month and cover select building/common‑area expenses
