Comparing commercial real estate to residential real estate is like comparing apples to oranges. Both are from the same arena, but that is where all of the similarities vanish. In reality, commercial real estate is business-focused. It involves property that is sold, leased, or used to achieve a predetermined business objective. It’s used as an investment to achieve an anticipated rate of return on the funds invested. It is used to house businesses or restaurants or garages and parking lots. On the commercial front the investments are based on getting a visible and financial ROI as opposed to a sometimes emotional ROI that residential can get you.
Although it isn’t always the case, a difference between residential and commercial real estate purchases has to do with the amounts involved. Data from the National Association of Realtors show that the median sales price for residential properties ranged from $260,000 to $300,000 between 2013 and 2015. Residential real estate purchases typically involve a single unit of property, and the median home price includes land values.
On the other hand, commercial purchases may encompass several units of properties that have been assembled to create a larger unit. Land values alone hike up median values in areas with commercial zoning especially those that are made for shopping and office developments. The vast size of commercial properties would drive up the purchase amounts. The best place to find great commercial real estate properties here in Allen, TX is out in the country. If you can find some spots where the big shops have yet to dominate and drive up prices you can usually find a good steal.
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