The means of a commercial property is that a land or place to be sold out for income and profit. There are others terms too to be used for this business such as commercial real estate, investment or income property. These is not fixed to a place only to sale for, renting properties is also a part of this business. There are many types of builds that come in the category of commercial property such as hotels, malls, shopping centers, hospitals, farm lands, industrial property, and housing societies. Residential properties have more benefits to it than commercial property when it comes to borrowing and tax.
Commercial properties can be explained in many types, but normally they get divided into three main categories.
First is improved property or land and going concern with improved property itself has more types in which it can be explained. Such as offices which include establishments which have only one tenant, from small commercial office buildings, to downtown skyscrapers and everything related to this.
Retails are the locations to sale with highways at their fronts, single tenant retail buildings, shopping centers with a small residential areas close to it, large centers full of tenants such as OfficeMax, best buy and even regional and outlet malls.
This category included all the type of industrial property of all size from a big industry to a very small one. Small properties often known as flex and R&D, on the other hand nig properties and known as big box.
Clear heights are the most important factor of big property when it comes to defining them. clear heights is the actual height, for smaller ones the height can be of 14 to 16 feet but for bigger buildings it can be more than 40 feet. These establishments have bottom and the interiors of steel girders. The number of docks and their types also come into consideration when judge the value of it. In grade level the parking lot and the warehouse will be on same floor. The height of the semi dock can be 24 inches which is very appropriate for a pickup truck and a delivery truck. Full docks have height of 48 inches which is double of semi dock’s height. Some such buildings also include rail spur for train car to load and unload things.
Mixed use office is a property with a large service office with warehouse at the bottom. Mixed use office with multifamily building means a location with offices on ground floor and residential area above. Multi Family buildings are consist of apartments, flats and such locations.