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Single-family attached (small multi-family) Duplex, semi-detached, double-decker, or two-family. Triplex, triple-decker or three-family. Quadplex, quadruple, or four-family. Townhouse or terraced house.
A commercial office/retail building. Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [ 1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores ...
Industrial park. An industrial park, also known as industrial estate or trading estate, is an area zoned and planned for the purpose of industrial development. An industrial park can be thought of as a more heavyweight version of a business park or office park, which has offices and light industry, rather than heavy industry.
The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...
Investing in commercial real estate can come with as many risks as there are rewards. To help give you a clearer sense of whether devoting your time, energy and your money to commercial real ...
The commercial real estate market is still reeling from the aftermath of the pandemic—and 2023 was a particularly bad year for the sector. ... many companies shed office footprint, opting for ...
Common area. A common area is, in real estate or real property law, the "area which is available for use by more than one person..." [ 1] The common areas are those that are available for common use by all tenants, (or) groups of tenants and their invitees. [ 2][ 3] In Texas and other parts of the United States, it is "An area inside a housing ...
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
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