Real
Estate
Commercial real estate
covers a diverse group of structure types and uses, as well as vacant
land. Learn specifics about some of the most common ones here.
These categories are discussing the sale of "real property", the land
and/or buildings. Though business owners frequently sell their business
entity together with the real estate, the valuation of the business
enterprise itself is not treated in this discussion.
Multi-family commercial real estate property types include duplex homes,
and other construction for habitation by mulitple family groups.
Condominiums are frequently called multi-family because of their
construction as a group, but are normally listed and sold as single
family residential units. Duplex homes are also frequently listed and
sold as residential units to a buyer that lives in one side and rents
out the other.
A single building designed for office use, or a group of offices in a
single building or cluster of buildings would fall into this category.
When offices are grouped in structures with single ownership, they are
listed as commercial office rental property.
The owner derives income from the rental payments of the office tenants.
These can be valued based on the rental income return on investment,
rather than methods using square footage and land value. Medical &
Dental offices are a subset.
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