These are leased to businesses (like chain stores) that cover taxes, insurance, and maintenance, making them much more hands-off than residential rentals.Real Estate Syndications / REITs – You can invest passively in commercial real estate (apartment complexes, self-storage, industrial, etc.) through syndications or real estate investment trusts (REITs) without being a landlord.Hard Money Lending / Private Lending – With $500K in equity, you could act as a private lender, funding real estate investors who flip homes or develop properties.

And would they be good for someone new to jump into or should I try amd get more first hand experience first?

My husband actually did this when he became a realtor and the process was very simple.  

Process is simple. 1. purchase contract2. send contract to title company3. bring cash to closing and you're done

I almost got involved with investors edge… this is about as simple as I could put it.

Adding Value to Your WarehouseTenant Quality & Lease Structure: If your current lease is below market or lacks favorable terms (like annual rent bumps, triple-net structure, or long-term commitments), renegotiating could boost value.Energy Efficiency Upgrades: LED lighting, insulation, and solar panels can make the property more appealing and cut operational costs.Loading & Access Improvements: If feasible, adding dock doors, better truck access, or high-clearance storage can make your space more attractive.Flex Space Conversion: Depending on demand, creating a small office buildout within the warehouse can appeal to tenants needing mixed-use space.Diversification ConsiderationWith 70% of your income tied to this one property, diversification could make sense, but if it’s truly hands-off and cash flowing well, you may not need to rush a sale.

Rachel  folks play the hand they are dealt.. 

Owen,  Pursuing a career as a realtor can be incredibly rewarding, but it's not as simple as it may seem, especially in the early stages.

I'm just a simple yokel from the backwoods of Alabama reading about how you guys are doing things and trying to learn by doing. :) 

Quote from @Jake Andronico: Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand.