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Commercial real estate may even have a residential home sitting on it at the moment. Many times as cities and towns grow property can be rezoned to allow for businesses to come into that particular area. A home that was a half a mile out of town may suddenly find itself in town when the town grows. Many people think that commercial real estate is only the property in town that has a business on it. In fact it is safe to say that any piece of property that has more than four residential units on it is commercial real estate.