Commerical Real Property
Typically commercial and industrial properties are fewer in number than residential properties; however, they are generally more diverse in size and use and present greater complexity to appraise. For assessment purposes, commercial property has a highest-and-best use other than a house, duplex, or residential condominium.
Some examples are:
- Retail, restaurant, office building, light industrial,
- Apartments, mobile home park (but not a mobile home), motel/hotel,
- Marina, condominium slip, cell tower site,
- Tax exempt facilities like a school, church, government building