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Updated over 6 years ago,
Is this considered Commercial?
So I'm interested in two properties near me but was unsure of whether they would both be considered commercial. The reason I am so concerned about them being commercial is because I know that you have a lot more control over the value (using NOI) than you do with residential (determined by market comps). Here is a brief description of each:
A. Property 1: 6 unit building (4 residential units upstairs and two commercial storefronts on ground level, all contained within one building)
B. Property 2: 6 unit property (2 buildings on one lot in a mixed neighborhood; the first building has 4 units and the building behind it has 2 units)
If I was asked, I'd say that Property A is commercial and Property B isn't but that's just my opinion. What is everyone's thoughts?
Any feedback is very much appreciated, thanks!