Tier 2 properties includes all other property types not classified under the Tier 1 definition:
Mixed-Use – Property with more than 50% of the gross rental income generated by the commercial space. Mixed-Use property tier may increase depending on the use of the commercial space.
Mixed-Use Automotive – May only be considered Tier 2 as a component of a multi-tenant property with less than 25% of the property’s gross income derived from the auto-related tenant(s)
Office (may include a medical office with no surgical procedures component)
Light Industrial (no heavy/dirty manufacturing)
Retail/Wholesale Store/Strip Center
Mobile Home Parks (no park-owned trailers or their income must be included in value)
Warehouse/Self-Storage Facility (traditional self-storage only with no credit to outside storage income)