Property Types Guide
CREBuilder supports 10 commercial real estate property types, each with unique metrics, rent roll formats, wizard configurations, and template pages. This guide covers every type in detail.
Quick Reference
| Property Type | Primary Metric | Occupancy | Rent Roll | Financials |
|---|---|---|---|---|
| Retail | Price/SF | SF-based | Standard Rent Roll | Full |
| Office / Medical Office | Price/SF | SF-based | Standard Rent Roll | Full |
| Multifamily | Price/Unit | Unit-based | Unit Mix Table | Full |
| Industrial | Price/SF | SF-based | Standard Rent Roll | Full |
| Land | Price/Acre | N/A | None | -- |
| Hospitality | Price/Key | Unit-based | Room Inventory | Full |
| Self-Storage | Price/Unit | Unit-based | Unit Inventory | Full |
| Mobile Home Parks | Price/Pad | Unit-based | Pad Inventory | Full |
| Mixed-Use | Price/SF | SF-based | Rent Roll by Component | Full |
| Net Lease | Price/SF | SF-based | Tenant & Lease (Single Tenant) | Full |
Retail
Property Type ID: 1Shopping centers, strip malls, standalone storefronts, and net lease retail properties. The most common commercial property type, retail uses square-footage-based metrics throughout.
Examples: Shopping centers, strip malls, standalone retail, grocery-anchored centers, outlet malls, power centers
Key Metrics
Primary valuation metric based on building square footage
Occupied SF / Total SF percentage
Net Operating Income from rent roll and expense data
NOI / Sale Price capitalization rate
Rent Roll Format: Standard Rent Roll
Tenant name, suite number, square footage, lease type (NNN, Modified Gross, Gross, Net, Ground Lease), rent per SF/year or SF/month, lease start and expiration dates, expense reimbursements.
Unique Configuration
- Full financial wizard with rent roll, income & expenses, valuation, and cash flow
- Expense reimbursement tracking per tenant (CAM, Tax, Insurance)
- Lease type options: NNN, Modified Gross, Gross, Net, Ground Lease, Custom
- Tenant profiles with logo, description, and credit details
- Tenant roster and space available pages for leasing packages
Template Pages
Office / Medical Office
Property Type ID: 2Class A/B/C office buildings, medical office complexes, and professional centers. Office properties use SF-based occupancy and support Full Service, Modified Gross, and NNN lease structures.
Examples: Class A towers, suburban office parks, medical office buildings (MOB), co-working spaces, professional centers
Key Metrics
Primary valuation metric based on building square footage
Leased SF as a percentage of total rentable SF
Net Operating Income after operating expenses
NOI / Sale Price capitalization rate
Rent Roll Format: Standard Rent Roll
Tenant name, suite number, square footage, lease type (Full Service, Modified Gross, Gross, NNN, Ground Lease), rent amount, lease dates, expense reimbursements.
Unique Configuration
- Full financial wizard with all standard sections
- Full Service lease type available (common for office buildings)
- Expense reimbursement tracking per tenant
- Tenant profiles with company logos and descriptions
Template Pages
Multifamily
Property Type ID: 3Apartments, condos, townhomes, student housing, and senior living. Multifamily uses unit-based metrics instead of square footage, with a "Unit Mix" table replacing the traditional rent roll.
Examples: Garden-style apartments, mid-rise condos, townhomes, student housing, senior living, affordable housing
Key Metrics
Primary valuation metric -- sale price divided by total unit count
Secondary metric based on total building square footage
Occupied units / Total units percentage
Net Operating Income from unit rents minus expenses
Rent Roll Format: Unit Mix Table
Units grouped by type (Studio, 1BR, 2BR, 3BR, etc.) with unit count, average SF per unit, and monthly rent per unit type. No lease dates or expense reimbursements -- multifamily uses simplified monthly/annual rent inputs.
Unique Configuration
- Rent Roll step renamed to "Unit Mix"
- Monthly or Annual rent options only (no SF/Yr)
- No lease start/end dates -- apartments use rolling lease cycles
- No expense reimbursement inputs -- multifamily expenses paid by landlord
- No Tenant Profiles page -- individual unit tenants are not profiled
Template Pages
Industrial
Property Type ID: 4Warehouses, distribution centers, manufacturing facilities, and flex space. Industrial uses SF-based metrics and supports NNN, Industrial Gross, and Modified Gross lease structures.
Examples: Warehouses, distribution centers, manufacturing plants, flex space, cold storage, data centers
Key Metrics
Primary valuation metric based on building square footage
Leased SF as a percentage of total building SF
Net Operating Income from lease revenue
NOI / Sale Price capitalization rate
Rent Roll Format: Standard Rent Roll
Tenant name, suite/bay number, square footage, lease type (NNN, Industrial Gross, Modified Gross, Gross, Ground Lease), rent, lease dates, expense reimbursements.
Unique Configuration
- Industrial Gross lease type option (unique to this property type)
- Full financial wizard with all standard sections
- Expense reimbursement tracking per tenant
- Tenant profiles for major warehouse/logistics tenants
Template Pages
Land
Property Type ID: 7Vacant land, development sites, agricultural parcels, and development-ready parcels. Land properties have no tenants or financial pages -- the focus is on lot size, zoning, and price per acre.
Examples: Vacant commercial land, development sites, agricultural parcels, infill lots, entitled land, pad sites
Key Metrics
Primary valuation metric for larger parcels
Secondary metric for smaller urban lots
Rent Roll Format: None
Land properties have no rent roll, unit mix, or tenant data. The financial wizard steps are entirely hidden.
Unique Configuration
- No Financial Scope step -- financials are not applicable
- No Rent Roll / Unit Mix step
- No Income & Expenses step
- No Valuation step
- No Rental Comparables (Sales Comparables still available)
- No Tenant Profiles
- Focus on Property Details: lot size, zoning, entitlements, topography
Template Pages
Hospitality
Property Type ID: 8Hotels, motels, resorts, and extended stay properties. Hospitality uses hotel-specific metrics (ADR, RevPAR, GOPPAR) and a "Room Inventory" table instead of a standard rent roll.
Examples: Full-service hotels, limited-service hotels, boutique hotels, extended stay, resorts, motels
Key Metrics
Primary metric -- sale price divided by total room count (keys)
Average Daily Rate for rooms
Revenue Per Available Room (ADR x Occupancy)
Gross Operating Profit Per Available Room
Rent Roll Format: Room Inventory
Room types (King, Double Queen, Suite, etc.) with room count, nightly rate, and total room revenue. No lease dates or expense reimbursements. Income label changes to "Room Revenue."
Unique Configuration
- Rent Roll step renamed to "Room Inventory"
- Hotel-specific financial labels: Room Revenue, FF&E Reserve, PIP Reserve, Franchise/OTA Fees
- Rental Comparables renamed to "Hotel Rate Comps"
- Cash flow hides Vacancy & Credit Loss rows (uses occupancy rate instead)
- Expense Reimbursements hidden (not applicable to hotels)
- No Tenant Profiles -- hotels do not have individual tenants
Template Pages
Self-Storage
Property Type ID: 9Self-storage facilities with climate-controlled and drive-up units. Uses a "Unit Inventory" with size tiers (5x5, 10x10, 10x15, etc.) and unit-based pricing.
Examples: Climate-controlled facilities, drive-up storage, vehicle/RV storage, portable storage, mixed facilities
Key Metrics
Sale price divided by total unit count
Secondary metric based on total rentable square footage
Occupied units / Total units percentage
Net Operating Income from unit rents minus expenses
Rent Roll Format: Unit Inventory
Units grouped by size tier (5x5, 5x10, 10x10, 10x15, 10x20, 10x30, etc.) with unit count, SF per unit, and monthly rent per unit. No lease dates or expense reimbursements.
Unique Configuration
- Rent Roll step renamed to "Unit Inventory"
- Monthly or Annual rent options only (no SF/Yr)
- No lease dates -- storage units use month-to-month agreements
- No expense reimbursement inputs
- Reserve labels: Facility Maintenance, Cap Improvements, Marketing/Leasing
- No Tenant Profiles, Tenant Roster, or Space Available pages
Template Pages
Mobile Home Parks
Property Type ID: 10Manufactured housing communities, RV parks, and mobile home communities. Uses a "Pad Inventory" with lot rent as the primary revenue metric and Price/Pad as the key valuation metric.
Examples: Manufactured housing communities, age-restricted MHP, RV parks, mobile home communities
Key Metrics
Primary metric -- sale price divided by total pad/lot count
Occupied pads / Total pads percentage
Net Operating Income from pad rents
NOI / Sale Price capitalization rate
Rent Roll Format: Pad Inventory
Pads/lots listed with pad number, monthly lot rent, and occupancy status. Income label changes to "Gross Pad Income." Cash flow labels adapted for MHP terminology.
Unique Configuration
- Rent Roll step renamed to "Pad Inventory"
- Monthly or Annual rent options only
- No lease dates -- MHP lots are typically month-to-month
- No expense reimbursement inputs
- Reserve labels: Lot Improvements, Cap Improvements, Marketing/Leasing
- Cash flow shows "Gross Pad Income" instead of "Gross Potential Rent"
- No Tenant Profiles, Tenant Roster, or Space Available pages
Template Pages
Mixed-Use
Property Type ID: 11Combined commercial and residential properties such as retail-over-apartments, live/work spaces, and urban mixed-use developments. Uses a flexible, component-based rent roll that handles multiple property types in one document.
Examples: Retail + apartments, office + retail, live/work, urban mixed-use towers, vertical mixed-use
Key Metrics
Primary valuation metric based on total building square footage
Leased SF across all components as a percentage
Combined NOI from all property components
NOI / Sale Price capitalization rate
Rent Roll Format: Rent Roll by Component
A multi-section rent roll organized by component type (Retail, Office, Residential, Industrial, Hotel, Storage). Each component uses its own property type rules -- e.g., the Residential section uses unit-based metrics while the Retail section uses SF-based metrics.
Unique Configuration
- Rent Roll step renamed to "Rent Roll by Component"
- Add components: Retail, Office, Residential, Industrial, Hotel, Storage
- Each component follows its own property type rules (unit vs. SF metrics, lease types, etc.)
- Combined financials aggregate income from all components
- Full financial wizard with all pages available
Template Pages
Net Lease
Property Type ID: 12Single-tenant net lease, absolute net, ground leases, and sale-leasebacks. Uses a simplified single-tenant form instead of a multi-tenant rent roll. The tenant and lease terms are the primary focus.
Examples: Single-tenant NNN retail, absolute net, ground leases, sale-leasebacks, corporate net lease
Key Metrics
Primary valuation metric based on building square footage
Net Operating Income (typically equals base rent for NNN)
NOI / Sale Price -- the most critical metric for net lease deals
Rent Roll Format: Tenant & Lease (Single Tenant)
Simplified single-tenant form: tenant name, square footage, lease type (NNN, Net, Ground Lease, Custom), rent per SF/year or annual, lease dates, and tenant credit details. No vacancies -- single-tenant properties are either occupied or vacant. Income label shows "Base Rent."
Unique Configuration
- Rent Roll step renamed to "Tenant & Lease"
- Simplified single-tenant form (no multi-tenant table)
- No vacancy tracking -- single tenant properties
- No expense reimbursement inputs (NNN tenants pay all expenses)
- Reserve labels: Roof & Structure Reserve, Structural Reserve, Renewal Commission
- No Tenant Profiles page (tenant details are on the lease form itself)
- No "Rent Roll Only" financial mode -- always includes full financials or cap rate/NOI entry