Multi-Office Condo
C252-25140 Lahser Rd Southfield, MI 48033
C252-25140 Lahser Rd, Southfield, MI, 48033
$60,000
For Sale
$60,000
Office condo suite configured as five private offices within the Matterhorn Office Condominium complex.
Property Size1,271 SF
Price / SF$47.21
Days on Market63
Property Features for C252-25140 Lahser Rd
General Information
- Standard status
- Active
- Size
- 1,271 SF
Listing agency
Front Page Properties
(313) 435-8550
Listed by
Ebony Cochran · License #6501456182
(313) 435-8550
Source
Exprealty
Added: May 22 Updated: Jul 22 at 4:35PM Checked: Jul 22 at 4:35PM
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.
Suite C-252 is located within the Matterhorn Office Condominium complex and offers approximately 1,271 square feet of office space. The suite is currently configured as five individual rentable offices, with four offices occupied and one office vacant, resulting in approximately 80% leased occupancy. The current rental income is approximately $910 per month based on seller-provided information, and there is additional leasing upside tied to the remaining vacant office.
The property is conveniently located near major corridors including Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, providing accessibility for clients, staff, and professional service users.
Monthly condo association dues are approximately $441 per month and may cover certain building and common area expenses. Buyer and buyer’s agent should verify all lease terms, rental income, taxes, association dues, square footage, suite configuration, bylaws, and any other material information.
The property is conveniently located near major corridors including Lahser Rd, 10 Mile Rd, Telegraph, Northwestern Hwy, and I-696, providing accessibility for clients, staff, and professional service users.
Monthly condo association dues are approximately $441 per month and may cover certain building and common area expenses. Buyer and buyer’s agent should verify all lease terms, rental income, taxes, association dues, square footage, suite configuration, bylaws, and any other material information.
Key Highlights
- Office condo suite in the Matterhorn Office Condominium complex at 25140 Lahser Rd (Suite C‑252)
- Approximately 1,271 SF configured as five private rentable office spaces (4 occupied, 1 vacant)
- Approximately 80% leased with current rental income of about $910/month based on seller‑provided rent roll
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 | $7.6k | $6.00 |
| − Vacancy | −$1.8k | −$1.41 |
| EGI | $5.8k | $4.59 |
| − OpEx | −$1.5k | −$1.15 |
| NOI | $4.4k | $3.44 |
1,271 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$62.5K
$54.7K – $72.9K
NOI $4,375 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$274.1K
$239.9K – $319.8K
NOI $19,190 @ 7.0% cap · market cap 31.98%
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 - Office condo suite configured as five private offices within the Matterhorn Office Condominium complex.
Where is this office units located?
The property is located at C252-25140 Lahser Rd Southfield, MI.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Office condo suite in the Matterhorn Office Condominium complex at 25140 Lahser Rd (Suite C‑252); Approximately 1,271 SF configured as five private rentable office spaces (4 occupied, 1 vacant); Approximately 80% leased with current rental income of about $910/month based on seller‑provided rent roll
