Below are 5 Types of Real Estate you should know:
Residential real estate:
Any property used for residential purposes. Examples include single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences.
Commercial real estate:
Any property used exclusively for business purposes, such as apartment complexes, gas stations, grocery stores, hospitals, hotels, offices, parking facilities, restaurants, shopping centers, stores, and theaters.
Industrial real estate:
Any property used for manufacturing, production, distribution, storage, and research and development.
Land:
Includes undeveloped property, vacant land, and agricultural lands such as farms, orchards, ranches, and timberland.
Special purpose:
Property used by the public, such as cemeteries, government buildings, libraries, parks, places of worship, and schools.