What category do schools fall under in real estate classifications?

Schools fall under the category of "special purpose" real estate classifications. This classification is designated for properties that are built for specific uses and not easily adaptable to other purposes. Special purpose properties serve particular functions and demands, such as schools, hospitals, and places of worship.

In the case of schools, they are constructed for educational purposes and are designed to accommodate students and educational staff, which makes their function distinct and specialized. Unlike residential or commercial properties, which can be converted or used for different types of housing or business operations, schools have unique requirements in terms of space, infrastructure, and regulatory compliance.

This classification emphasizes the unique nature of such properties and acknowledges that their use is essential for community services and public functions.