Commercial Property (also called investment or income property) refers to buildings or land intended to generate a profit, either from capital gain or rental income. Commercial Property includes office buildings, industrial property (including but not limited to, electronic/high tech, wood/paper, food processing, primary and secondary metals, chemical, plastic, printing etc.), malls, retail stores, farm land, multifamily housing buildings, warehouses, land (including investment properties on undeveloped, raw, rural land in the path of future development. Or, infill land with an urban area, pad sites, and more), garages, and miscellaneous properties (including any other nonresidential properties such as hotel, hospitality, medical centers, and self‐storage developments etc.).
Industrial Property refers to properties which have an improvement value of more than $1,000,000. The Department of Revenue has the responsibility for the appraisal and valuation of all industrial properties in the state of Oregon over $1,000,000. http://www.oregon.gov/DOR/programs/property/Pages/