Definition of Residential Real Estate (R Zoning)
A residential area is a land use in which housing predominates, as opposed to industrial and commercial areas.
Types of Residential Real Estate:
Residential real estate includes many descriptive terms and property types, including single family homes, condominiums, townhouses, multi unit (2 to 4), manufactured, mobile and more. These types are quite important in how properties are listed and marketed through the multiple listing services used by real estate professionals. For a list of residential Real Estate in your area, or to find out more about your own residential property please Contact 619-920-4136 or homes@newrealestatemarket.com
Definition of Commercial Real Estate (C1)
Commercial property can be vacant land zoned for commercial use, or an existing business building or buildings. Commercial real estate covers a various group of structure types and uses, as well as vacant land. Some of the most popular Commercial Real Estate investments include Multi-Family Commercial Real Estate (5 or more residential family units), Retail Space Real Estate Properties, Office Buildings and Office Complexes, Hotels, Gas stations, and other similar buildings. For a list of Commercial Real Estate in your area please Contact 619-920-4136 or homes@newrealestatemarket.
Multi-Family Commercial Real Estate (5 or more units)
Multi Family commercial real estate property types include duplex homes, and other construction for multiple family groups. Condominiums are frequently called multi-family because of their construction as a group, but are normally listed and sold as single family residential units. Duplex homes are also frequently listed and sold as residential units to a buyer that lives in one side and rents out the other. For a list of Multi Family Commercial Real Estate in your area please contact 619-920-4136 or homes@newrealestatemarket.
Retail Space Real Estate Properties
This category would include single buildings used as stores for clothing, electronics and other consumer products, as well as malls, strip centers and the like. Restaurant spaces are a specialty division of the retail category, with some listings shown as restaurant/retail. Valuations can be based on size and land value, retail sales per square foot or other investment return calculations. For a list of Retail Space Real Estate in your area please contact 619-920-4136 or homes@newrealestatemarket.
Office Buildings and Office Complexes
A single building designed for office use, or a group of offices in a single building or cluster of buildings would fall into this category. When offices are grouped in structures with single ownership, they are listed as commercial office rental property. The owner derives income from the rental payments of the office tenants. These can be valued based on the rental income return on investment, rather than methods using square footage and land value. Medical & Dental offices are a subset. For a list of Commercial Real Estate in your area please contact 619-920-4136 or homes@newrealestatemarket.
Industrial Real Estate
Industrial real estate is property used to manufacture a product. For a list of Commercial Real Estate in your area please Contact 619-920-4136 or homes@newrealestatemarket.
