Commercial Property Type Description
Automotive
Automotive is a somewhat broad category and
encompass a variety of uses that support the
automotive segment. Included within this category
are auto repair shops, used car lots, quick-lube
facilities, tire repair shops, etc. The type and
size of building will vary with the use. Many
buildings are designed specifically for the auto
trade characterized by overhead doors, car lifts and
usually a small office area
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Bed & Breakfast
Bed and Breakfast inns are residential-type
buildings designed for transient boarding and are
family style in character. B & B inns are usually
one structure but some may include an adjacent guest
cottage with similar quality amenities as the main
unit. Owner operators live on-site, usually within
the main building.
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Day Care
Day Care Centers are early childhood, handicapped,
adult, and senior care facilities; or developmental
centers, such as kindergartens, nurseries or
children's preschools. They have light kitchen
facilities, activity rooms and multiple restrooms,
and are more residential in character than schools.
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Funeral Home
Funeral homes include those used for viewing
purposes as well as those that include embalming
services.
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Gas Stations
Gas stations are automotive properties or any other
property that dispenses any amount of fuel for
retail sale. They may have an auto mechanic,
convenience store and / or car wash component.
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Health Care
Included in this category are all Assisted Living or
Nursing Home types of operations where a license is
required to operate the business. Quality and
service levels vary considerably. Also included in
this category are hospitals and medical treatment
facilities, such as out patient care or walk-in
emergency medicine.
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Hospitality – Flagged Hotel/Motel
Hotels or motel properties with a national franchise
affiliation..
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Hospitality – Unflagged
Hotel/Motel
Hotels or motel properties without a national
franchise affiliation are considered "unflagged."
Small, independently owned operators typically run
these types of facilities and the quality and level
of service varies considerably.
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Industrial
Where the principle structure is designed for
manufacturing processes, heavy assembly or involves
the use of heavy machinery. It contains an average
amount of office space commensurate with the quality
of the building and the intended use. Their heavy
frames, walls and floors, specialized manufacturing
processes and power or utility-service characterize
industrial facilities.
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Light Industrial
Light industrial is characterized by a small size
facility where no heavy manufacturing or specialized
industrial process takes place. Office space within
light industrial ranges from 3% to 25% of the total
area. Buildings must include sufficient plumbing and
lighting to accommodate personnel. Common uses found
in light industrial properties may include: cabinet
making, assembly processes, home service industries,
etc. Absent from these properties is any type of
heavy machinery, welding operations, cranes or
hazardous materials.
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Mixed-use
Mixed-use properties must contain at least one
commercial unit (retail, office etc.) and at least
one residential unit. Common types of mixed-use
properties include a ground floor retail or office
unit with apartment(s) above, all within the same
building. The primary use at the property must be
for residential purposes in order for it to be
considered Tier I mixed-use. The mixed-use property
type can be classified in any tier depending on the
percentage of the multi-family component and the
type of commercial use.
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Mobile Home Park
Mobile home parks are considered as long as not more
than 25% of the total spaces are used for RV. Mobile
home parks vary in quality and amenities and all
will be considered unless the RV component is too
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Multifamily
Structures containing five or more dwelling units
with common area facilities such as entrances,
lobby, elevators, stairs, mechanical space, walks or
grounds. Units must be rented on a non-transient
basis such that tenants consider their unit their
permanent residence. Properties that offer weekly or
monthly housing would not be considered multifamily
properties.
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Office
Office buildings are buildings designed for general
commercial occupancy and are normally subdivided
into smaller units. Office use implies a general
business use that does not include retail,
manufacturing or warehouse type operations.
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Retail
Retail buildings are designed for retail sales and
display and usually have display or decorative
fronts. This retail classification encompasses a
wide variety of uses including, but not limited to:
markets, convenience stores, drugstores, department
stores, big box retailers, barber shops, laundromats,
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Self Storage
Mini-warehouses are warehouses subdivided into a
mixture of cubicles of generally small size,
designed primarily to be rented for small self-
storage or noncommercial storage and may include
some office-living space.
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Restaurant
Restaurants are constructed for the purpose of
preparation and sale of food and/or beverages, which
include cafeterias, bars, and taverns, where design
is of restaurant type.
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Rooming House
Rooming houses are similar to that of multifamily
but the nature of the occupancy is more transient.
Rooms are rented on a daily, weekly or monthly basis
and usually only include a bedroom. The residents
share the bathroom and the kitchen. Rent paid
usually includes all utilities and units may be
furnished. Most rooming house properties contain
less than 20 units.
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RV Park
RV parks are those that are designed for
recreational vehicles. May include mobile home pad
rentals but will be considered an RV park if 25% or
more of total park is for RV. Transient type
occupancy is common.
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Warehouse
Warehouse buildings are designed primarily for
storage purposes. An amount of office space included
is usually commensurate with the quality of the
building but typically ranges from 3% to 12% of the
total area. Plumbing and lighting are usually
limited due to anticipated light personnel load. The
design of the building usually includes a light
frame with large open interior areas. Cold storage
and transit warehouses (truck terminal) are included
in this category.
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