Tenant-Occupied Office Condo
For Sale
Contact for pricing
C212-25140 Lahser Rd, Southfield, MI 48033
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 Market79
Property Features for C212-25140 Lahser Rd
General Information
Standard status
Active
Size
297 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,403
Listing Agency:
Front Page Properties
(313) 877-9020
Listed By:
Ebony Cochran · License #456182
(313) 435-8550
Source:
Exprealty
Added: Jul 20
Changed: Sep 12
Last Checked: Oct 5 at 10:47PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,022
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,440
$20.4K
Cap Rate 7%
$14,600
$14.6K
Cap Rate 9%
$11,356
$11.4K
Market Conditions
NOI Build-Up for 297 SF
Gross rent
$1.8K $6.00/SF
− Vacancy
−$419 −$1.41/SF
EGI
$1.4K $4.59/SF
− OpEx
−$341 −$1.15/SF
NOI
$1.0K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,440
Cap Rate 7%
$14,600
Cap Rate 9%
$11,356
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 authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 48033, MI
17,207
Population
9,198
Households
1.9
Avg Household Size
47
Median Age
33%
College-Educated
93%
High-School Grad
9.1 sq mi
ZIP Area
1,891
Density / Sq Mi
$55,599
Median Household Income
$45,192
Median Earnings
$1,242
Median Rent
$195,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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 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
