C232-25140 Lahser Rd, Southfield, MI 48033
Lease-up office condo suite with multiple individual offices, providing current occupancy and space to expand leasing.
- Added:
- May 22, 2026
- Days on Market:
- 46
- Last Refresh:
- Jun 11 at 3:12 am
Property Features for C232-25140 Lahser Rd
General Information
- Standard status
- Active
- Size
- 1,010 SF
Listing office Front Page Properties (313) 435-8550
Listing date May 22, 2026
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of Front Page Properties
HighLights
- 1,010 SF office condo suite (Suite C‑232) in the Matterhorn Office Condominium complex at 25140 Lahser Rd
- Configured as 6 individual rentable offices: 4 occupied and 2 vacant, for approximately 66.67% leased
- Approx. $1,250/month current rental income with upside from leasing the remaining vacant offices
- Monthly condo association dues are approximately $350/month covering certain building/common area expenses
- Convenient access near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I‑696
Overview
The property is conveniently located near Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, supporting access for clients, staff, and professional service users. Monthly condo association dues are approximately $350 and cover certain building and common area expenses; buyers should verify the exact scope of coverage during due diligence.
From a tenant or owner perspective, this configuration can support a range of professional uses that benefit from separate offices within one suite. For buyers, it also presents the practical opportunity to align in-suite occupancy with their operating plan by leasing the currently vacant offices or customizing usage after acquiring the suite. Buyer to verify all lease terms, rental income, taxes, association dues, square footage, suite configuration, bylaws, and all information deemed material.
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 | $6.1k | $6.00 |
| − Vacancy | −$1.4k | −$1.41 |
| EGI | $4.6k | $4.59 |
| − OpEx | −$1.2k | −$1.15 |
| NOI | $3.5k | $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
