Brian l katz topics
Commercial real estate may even have a residential home sitting on it at the moment. What happens is that the town may begin to encroach on residential property and then the property may be rezoned to allow it to be reclassified as commercial real estate now. A home that was a half a mile out of town may suddenly find itself in town when the town grows. Most people think that commercial real estate is an office building or a factory or perhaps an industrial unit. In fact it is safe to say that any piece of property that has more than four residential units on it is commercial real estate.