Types of Commercial Real Estate

Commercial Real Estate

Property that is used solely for business purposes.

Examples of commercial real estate include malls, office parks, restaurants,

gas stations, convenience stores and office towers. Commercial real estate

is one of the three primary types of real estate.

CRE Types

When speaking of commercial real estate this terminology refers loosely to

any piece of land bought with the intent to make money on the property.

This includes any real estate that is bought to be used for apartment

complexes, industrial production, strip mall, office buildings, restaurants, etc.

It can also include any vacant land that has the potential to hold property that

can make money.

Retail Real Estate

Commercial real estate includes smaller categories. The first one is retail real

estate, includes malls, hotels, shopping centers, and buildings for medical and

dental centers.

Another division is office properties, includes office buildings designed to hold

one or multiple businesses with the owner of the building receiving profits

from the rent the tenants of the individual offices pay each month.

Office Space

Third one is combination of both that is comes between retail and office

property. This type can include warehouses, garages, and factories but can

also include farmland and the homes on the land.

Final division is multiple housing, can be included under commercial or

residential property. Therefore, to call a piece of land commercial real estate it

really depends on what the intent of the buyer is for the use of the property

and where it is located. This is especially true with vacant land that has not

been developed.

Zone Property

When purchasing vacant land or property with the intent of using it

commercially you need to make sure that it has been zoned as commercial

property.

To find this out you would need to visit your city government offices and look

at the city map. If the property that you want is zoned residential you will

need to seek a variance, which is special permission to cross over the

residential zone boundary in order to build commercial.

Conclusion

To help you find property that is zoned for commercial use you can hire the

services of a commercial real estate agent who specializes in finding the

commercial property that best suits the needs of their clients.

These specialized real estate agents will help you through every step of

obtaining the property you want.