Real Estate & Property

Types of real estate

Residential real estate:

 Any land that is used for housing purposes. Examples include single-family homes with less than five individual units, condominiums, co-operatives, duplexes, townhouses, and multifamily dwellings. It includes both new buildings and resale properties. Single-family homes are the most popular type. Condominiums, co-ops, townhouses, duplexes, triple-deckers, quadplexes, high-value homes, multi-villages, multi-story houses are also affordable. 

Commercial real estate

Any land used solely for commercial purposes, such as residential complexes, gas stations, grocery stores, hospitals, hotels, offices, car parks, restaurants, shopping malls, shops, and theaters. Shopping centers and strip malls, buildings for medical and educational purposes, hotels, and offices are included. Apartment buildings are also considered industrial, but they are used for residence purposes. That is because they are owned to produce income.

Industrial real estate

Any asset used for distribution, manufacturing, shipping, storage, and research and development. Factories, power plants, and warehouses are examples. Manufacturing buildings and land, as well as warehouses, are included. The buildings can be used to study, produce, store, and distribute products. Commercial real estate is called some buildings that distribute products. The category is critical because the zoning, 


Includes undeveloped property, vacant land, and agricultural land (farms, orchards, ranches, and timberland).     Includes vacant land, working farms, and ranches. The subcategories within vacant land include undeveloped, early development or reuse, subdivision, and site assembly. Here is more at Land Broker Transactions.

Special purpose

Publicly used land, such as cemeteries, government buildings, libraries, parks, worship sites, and schools. 

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