Which of the following is NOT a nonresidential property subcategory?

The classification of property types is essential for understanding real estate markets and investment strategies. Nonresidential properties refer to real estate that is primarily used for business purposes, which includes various subcategories like industrial properties—warehouses, office spaces, and retail stores.

Cooperatives, however, primarily refer to a type of residential ownership structure where residents own shares in a corporation that owns the property, rather than owning the property outright. This structure is fundamentally tied to residential living, distinguishing it clearly from the nonresidential categories which focus on commercial or industrial use.

By identifying co-ops as not being part of the nonresidential property subcategories, one can grasp the importance of understanding the functional purposes of different property types in real estate. This distinction is crucial for anyone studying real estate, as it impacts investment decisions, zoning regulations, and market analyses.