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8 Types of Commercial Real Estate

When you are searching for Commercial Real Estate near you, you will undoubtedly find a list of searches in your browser. But what benefits you the most. Here the blog is all about the range of commercial Real Estates and you can see what suits you well. To know more about commercial real estate Jackson visit us on https://estesgroup.net/ or call us on 601.362.9633.

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8 Types of Commercial Real Estate

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  1. 8 8 TYPES OF COMMERCIAL REAL ESTATE TYPES OF COMMERCIAL REAL ESTATE - Investment Real Estate Services to Increase Your Net Worth

  2.  Commercial Real Estate is anything larger than a single-family home. The official classifications vary from country to country. However, it can be broken down into 8 major categories. 1) Multifamily • The general purpose of this property type is for investment, while primarily can serve as a residency. Multifamily asset class comprises Duplex, Triplex and Quadruplex with two, three & four unit rental properties respectively. 2) Office • Office buildings are also identified as low, mid and high rise based on their size, like multifamily properties. They are loosely grouped in Class A best in terms of construction & location, Class B with high-quality construction & Class C as fairly dilapidated. 3) Industrial • Properties in the Industrial category vary in size depending on their use-cases. Structures of Heavy Manufacturing, Light Assembly, Flex Warehouse, 4) Hotels • There are types of Hotels namely Full service hotels for central business districts or tourist areas. Limited service hotels are usually boutique properties and Extended stay hotels are designed for people staying a week or more with larger rooms, small kitchens.

  3. 5) Retail • Places like Strip/Shopping Center such as Wal-Mart, restaurants, dry cleaners, nail salons etc. fall into this category. Community Retail Center normally in the range of 150,000-350,000 square feet occupy drug stores & grocery stores. While Power Center & Regional Mall cover 30,000-200,000 & 400,000-2,000,000 square feet area. 6) Mixed use • Mixed use properties, while their own distinction, can actually be a combination of any of the aforementioned types of commercial property. Like the combination of office, residential/multifamily, retail, and/or industrial. 7) Land • There are three types of land properties, Greenfield /Agricultural Land which refers to undeveloped land such as a farm or pasture. I.e. orchards, animal farms, ranches, and more. Second is Infill land, which is located in a city that has already been developed but is now vacant. Third is Brownfields which are parcels of land previously used for industrial or commercial purposes but are now available for re-use. 8) Special-purpose • This property comes into play with more or less the miscellaneous classification of CRE. It includes amusement parks, bowling alleys, parking lots, stadiums, theaters, zoos, and much, much more.

  4. Contact Us We at The Estes Group aid you with the comprehensive range of Commercial Real Estate Services that will guide you to opt for precise decisions in your Commercial Real Estate journey. Call us at 601-362-9633 or contact us online to discuss your goals with our knowledgeable and experienced brokers. 613 Crescent Circle, Suite 102, Ridgeland, MS 39157, USA (601) 362-9633 admin@estesgroup.net https://estesgroup.net/

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