Which of the following is NOT a basic type of commercial real estate?

A residential home is not classified as a type of commercial real estate, which is why this answer is correct. Commercial real estate encompasses properties that are used primarily for business purposes, which includes land, office buildings, and retail buildings.

Land can be developed for various commercial purposes, including shopping centers or office complexes. Office buildings are designed specifically for housing businesses and providing workspaces. Retail buildings are focused on businesses that sell goods or services directly to consumers. In contrast, residential homes are intended for living purposes and fall under the category of residential real estate rather than commercial. This distinction is critical for anyone working in real estate, as it impacts investment strategies, financing, and property management approaches. Understanding these categories helps clarify the nature and purpose of various real estate assets.