Types of Commercial Real Estate

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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.