Commercial Property

In Texas, commercial property is defined as any real estate property that is used for business or income-generating purposes, such as retail stores, office buildings, warehouses, apartment buildings, and hotels. It is different from residential property, which is used for personal living purposes. Commercial property can be owned by individuals, corporations, partnerships, or other legal entities, and it is subject to different zoning and regulatory requirements than residential property. Commercial property is typically valued based on its income potential and market demand.