Definition of "Commercial property"
Judith Ann New GRI,ABR,CDPE,CIAS,IRES,ATWD,ACCRS,RSPS, Real Estate Agent
RE/MAX Realty Team
Business property, such as and office building, retail stores, medical center, or hotel, that operates with a profit. A risk/return relationship exists in commercial property. The return is comprised of the net rental income and capital appreciation in price. See also residential property.
Have a question or comment?
We're here to help.