Real estate that includes incomeproducing property, such as office buildings, restaurants, shopping centers, hotels, industrial parks, warehouses, and factories. Commercial property usually must be zoned for business purposes.
A property that is not occupied by the owner, usually purchased specifically to generate profit through rental income and/or capital gains.
Rental units used for dwelling purposes, not of a transient (hotel, motel) nature.
Property zoned for single-family homes, townhouses, multifamily apartments, condominiums, and coops. Residential property falls under different zoning and taxation regulations than commercial property.