Different types of real estate properties including residential, commercial, industrial, and land investments.
Master property types & classifications with our progressive approach
Foundation terms you need to know first (60 terms)
Development costs are all the expenses incurred during the process of acquiring land, designing, constructing, and preparing a real estate project for use or sale, from start to finish.
An office building is a commercial property designed for businesses to conduct administrative, professional, or commercial operations, offering spaces for work and meetings.
A retail center is a commercial property designed for various retail businesses, ranging from small strip malls to large shopping centers, providing goods and services to consumers.
An industrial warehouse is a large commercial building used for storing, manufacturing, or distributing goods and materials, serving as a critical link in the supply chain for various industries.
Real assets are physical, tangible investments such as real estate, commodities, and infrastructure, valued for their intrinsic properties and often used as an inflation hedge and portfolio diversifier.
Complex strategies and professional concepts (12 terms)
Build-to-Rent (BTR) refers to residential communities, typically single-family homes or townhouses, that are purpose-built by developers specifically for rental rather than for sale, offering a professionally managed, amenity-rich living experience.
Brownfield redevelopment involves the acquisition, remediation, and revitalization of properties that are contaminated or perceived to be contaminated, often due to past industrial or commercial use. It transforms environmentally challenged sites into productive assets, contributing to urban renewal and sustainable development.
Land improvements are depreciable additions to land that enhance its utility and value but are separate from the land itself. These assets, such as fences, driveways, and utility systems, have a limited useful life and are subject to specific accounting and tax treatments.
Held for Sale Classification is an accounting designation for non-current assets or disposal groups whose carrying amount will be recovered primarily through a sale transaction rather than through continuing use, requiring specific criteria to be met under GAAP and IFRS.
An STR Pro Forma is a detailed financial projection and analysis tool used to evaluate the potential profitability and performance of a short-term rental property, incorporating dynamic pricing, seasonal occupancy, and higher variable operating expenses.
A detailed drawing or map illustrating the existing and proposed conditions of a parcel of land, including structures, landscaping, utilities, and access points, essential for real estate development and regulatory approval.
Speculative land investing involves purchasing undeveloped land with the expectation of profiting from a future increase in its value due to external factors like development or zoning changes, rather than from immediate income.
Structural integrity refers to a building's capacity to withstand loads and forces without failure, ensuring its safety, stability, and long-term durability. It is a critical factor in real estate investment, directly impacting property value and potential liabilities.
Subdivision is the legal process of dividing a single parcel of land into two or more smaller parcels, typically for the purpose of development, sale, or lease. It involves navigating local zoning ordinances, planning regulations, and infrastructure requirements.
Sustainability in real estate refers to the practice of developing, managing, and investing in properties that minimize environmental impact, enhance social well-being, and adhere to strong governance principles, aiming for long-term value creation and resilience.
The Takings Clause of the Fifth Amendment to the U.S. Constitution prohibits the government from taking private property for public use without just compensation, safeguarding property owners' rights.
A tangible asset is a physical item you can touch, see, and feel, like real estate, vehicles, or equipment, which holds value and can be used for investment.
Tenant Improvement (TI) refers to modifications made to a commercial space to customize it for a tenant's specific needs, often funded in part by a Tenant Improvement Allowance (TIA) from the landlord.
Title in real estate refers to the legal right of ownership to a property, representing a bundle of rights that an owner possesses over their land and any structures on it.
Topography refers to the natural and artificial physical features of a land area, including its elevation, slopes, and the presence of natural elements like rivers or hills. It significantly impacts property development, usability, and value.
A tourist destination market refers to real estate investment opportunities in areas characterized by high visitor traffic, often driven by leisure, business, or cultural attractions, leading to demand for short-term rentals, hotels, and related services.
Transient Occupancy Tax (TOT) is a local tax levied on the rent paid by guests for short-term accommodations, such as hotels and vacation rentals, typically for stays less than 30 consecutive days. It funds local services and infrastructure.
Explore complementary areas that build on property types & classifications concepts
Personal budgeting, expense tracking, cash flow management, emergency funds, and savings strategies.
Credit scores, debt consolidation, loan management, credit repair, and debt payoff strategies.
Macroeconomic concepts, interest rates, inflation, Federal Reserve policy, and economic cycles.
Wills, trusts, estate taxes, succession planning, beneficiary planning, and wealth preservation.