Real Estate Categories

When you think of real estate, what do you think of? A house? An apartment? A commercial building? The fact is, there are many different types of real estate, and each type falls into one of six broad categories. In this blog post, we'll take a look at all six categories of real estate and give some examples of each.

Residential Real Estate

The first category of real estate is residential real estate. Residential real estate includes both single-family homes and multi-family homes, such as duplexes, triplexes, and quadplexes. According to the National Association of Realtors, the median sales price for a single-family home in the United States was $228,700 in August 2019.

Commercial Real Estate

The second category of real estate is commercial real estate. Commercial real estate includes office buildings, retail space, warehouses, and Industrial buildings. According to Statista, the average price per square foot for office space in the United States was $32.56 in 2018.

Industrial Real Estate

The third category of real estate is industrial real estate. Industrial real estate includes factories, power plants, oil refineries, and farms. According to the National Association of Realtors, the median price per square foot for industrial properties in the United States was $6.64 in Q2 2019.

Recreational Real Estate

The fourth category of real estate is recreational real estate. Recreational real estate includes golf courses, hunting land, RV parks, campgrounds, and marinas. According to industry experts,... https://www.campingmagazine.net/valuing-campgrounds/ camping businesses are typically valued at 2-4 times their annual revenue.

Land Lease Real Estate

The fifth type of real estate is land lease real estate. Land lease estates include cell towers, billboard leases, wind turbines, and solar farms. According to industry experts, billboard leases can range from $600 to $4,000 per month or more Income Producing The sixth and final category of real estate is income-producing property. This type of property includes Office buildings, Hotels, Multi-family housing units, Storage units Self - storage units According to Colliers International yields for prime storage investments achieved record lows with prime CBD stock trading on initial yields below 3% for the first time while secondary product saw sub - 5% initial yields commonplace.

There are many different types of investment opportunities when it comes to real estate. As an investor, it's important to understand the properties you're interested in and the sector they fall into income-producing properties seem to have stabilization across diverse markets. If you have any questions, don't hesitate to contact your local real state professional for more information about these or other types of properties available in your area.