Property Types
Eligible Property Types
Automotive (Service Facility)
A place that specializes in automobile maintenance, repair, and sometimes modification. No underground storage tanks permitted.
Mixed-Use
Mixed-use properties must contain at least one commercial unit (retail, office, etc.) and at least one residential unit. Common types of mixed-use properties include a ground floor retail or office unit with apartment(s) above, all within the same building. The primary use at the property must be for residential purposes in order for it to be considered mixed-use. Residential unit requirements vary by state.
Multi-Family
Structures containing five or more dwelling units (7+ units in New Jersey) with common area facilities such as entrances, lobby, elevators, stairs, mechanical space, walks or grounds. Units must be rented on a non-transient basis so that tenants consider their unit their permanent residence. Properties that offer weekly or monthly housing would not be considered multifamily properties.
Office
Office buildings are buildings designed for general commercial occupancy and are normally subdivided into smaller units. Office use implies a general business use that does not include retail, manufacturing or warehouse type operations.
Warehouse
A commercial building for storage of goods.
Retail
Retail buildings are designed for retail sales and display and usually have display or decorative fronts. This retail classification encompasses a wide variety of uses including, but not limited to: markets, convenience stores, drugstores, department stores, big box retailers, barber shops, Laundromats, etc.
Lt. Industrial
A small size facility where no heavy manufacturing or specialized industrial process takes place. Absent from these properties is any type of heavy machinery, welding operations, cranes or hazardous materials.
Self-Storage
Self Storage, Mini-Storge or Mini-warehouses are warehouses subdivided into a mixture of cubicles of generally small size, designed primarily to be rented for small self-storage or noncommercial storage and may include some office-living space.
Office Condo
A building or complex in which units of property, such as offices, are owned by individuals and common parts of the property, such as the grounds and building structure, are owned jointly by the unit owners.
Church
A building for public worship. May be traditional or non-traditional structure.
Bar / Restaurant
A business establishment where meals and alcohol are purchased.
Car Wash
A place fitted with equipment for automatically washing cars.
Convenience Store (NO GAS)
A small retail store that is open long hours and that typically sells staple groceries, and snacks.
Funeral Home
A place where the dead are prepared for burial or cremation.
Hospitality (Franchise Hotels/Motels Only)
An establishment belonging to a nationwide franchise that provides lodging and usually meals and other services for travelers and other paying guests.
Day Care
A place of supervision and recreation for children of preschool age, the disabled, or the elderly.
Assisted Living
Combining of housing, personalized supportive services and health care designed to meet the individual needs of persons who need help with the activities of daily living, but do not need the skilled medical care provided in a nursing home.