Residential real estate is property people live in, I.e., their homes. Examples include large country villas, Townhouses,apartments, condos, single-family homes, and duplexes.
Commercial real estate refers to business properties such as shops, offices, car parks, etc. Commercial real estate investment are typically large than those of residential real estate.. However, the potential returns are often greater.
Industrial real estate refers to properties used for factories, I.e., manufacturing and production. It also includes land used for storage, distribution, and R&D. The letters R$D stands for research and development.
Special purpose real estate includes government buildings, Schools, religious temples, public parks, libraries, and cemeteries. It’s also includes land for amusement parks, oil wells, mines, railroad, and golf courses.
Land includes raw or vacant land that may be purchased for future development. Land includes farms, timberland, camp sites, land for hunting and fishing. Or undeveloped land.