Definition: Real estate used for business or investment purposes, such as offices, retail facilities, or other income-producing operations, depending on the classification used.
Example
An investor buys an office building leased to several businesses.
Keep the distinction clear
Every rental is not classified identically for every purpose. Zoning, financing, appraisal, and Florida brokerage rules may draw different boundaries between residential and commercial property.
Related terms
Industrial Property · Investment · Lease
Keep studying
What Counts as a Residential Transaction? Sales, Rentals, and Exam Examples
References: California DRE: real estate glossary
Pronunciation (US): kuh-MUR-shul PRAH-per-tee (capitals show stress)
Pronunciation reference: Merriam-Webster
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