Commercial Acre
Definition of "Commercial acre"
The meaning of commercial acre in the United States defines the remaining part of an acre of a newly divided land once curbs, streets, and boardwalks have been separated from the original area. All this takes place after a land’s subdivision. As a result, a commercial acre excludes non-developable regions in public use.
In other words, a commercial acre constitutes the piece of land upon which landowners can build. However, first avenues, drives, boulevards, public spaces for future use, highways, parking lots, and inadequate lots have to be detached.
How commercial acre became a widely used measurement in the US
Without the detailed science land surveys apply, people can’t delineate property boundaries. US real estate agencies invented the so-called commercial acre as an acknowledged land measurement unit mainly used in large cities. Be thoughtful because there is an essential difference between commercial and international acre in real estate.
How does commercial acre translate to other types of US measurement?
Let’s take a look at how it transforms into other measuring units used in the imperial system:
One commercial acre - 36,000 square feet instead of 43,560
One commercial acre - 4,000 square yards instead of 4,840
The controversy around the commercial acre
But, hold on! There is quite a difference between 43,560 and 36,000, isn’t there? We’re getting to that now. When you see the commercial acre mentioned in transactions, you must consider the size of a standard acre from which the local government deducted alleyways, roads, and sidewalks. The land area needed for the street around your property, sidewalks, and alleyways is taken out of the size you have in your contract as this is necessary.
Examples of how to convert various units into commercial acres!
If you ask yourself whether there is a difference between an acre and a commercial acre, let’s see how these two relate to one another:
One acre equals 1.21 commercial acre
Similarly, 5 acres equal 6.05 commercial acres
Let’s do some math using the international standard measures:
One square meter equals around 0.0002471 acres or approximately 0.00029899 commercial acres.
The international acre is approximately 4,046.85642 square meters. In addition, the US survey acre is around 4,046.872 square meters for measurements based on the US survey foot.
Contact a top-rated local real estate agent if you intend to buy land in your city. In addition, you might also be interested in how much commercial acre you can use from your new real estate!
Popular Real Estate Terms
A contract not in writing. Oral contracts are legally enforceable except for those applicable to the sale of real estate. ...
Any commercially fabricated and widely available product designed for household and personal use. Consumer goods are available in an open market place and are competitively priced. ...
Principle stating that the joint tenants must have equal rights to possession of the whole property. ...
Doing business as, or DBA, means an official moniker for your enterprise or company. Regularly, a DBA is a state certificate serving as a registration name and issued under a ...
Meaning or definition given to an act, fact. Or thing through legal or juridical interpretation. ...
A capital asset. An expenditure to buy property and other capital assets that generate revenue. Securities of real estate companies. ...
Older property is bought usually by a governmental agency to be modernized and improved. In many cases, the deteriorating property is torn down and a new structure built. An example is ...
How many days, months, or years are required before a new building has the desired occupancy ratio. The occupancy rate influences the amount financial institutions are willing to lend. ...
Dividing a lot into two or more parcels. Normally a variance would have to be obtained to permit a lot split. The lot cannot be split unless they meet minimum area zoning requirements ...
Have a question or comment?
We're here to help.