Lessors of Other Real Estate Property
Acting as lessors of real estate (except buildings), such as manufactured home (mobile home) sites, vacant lots, and grazing land.
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What is SBA Size Standard?
The maximum annual revenue a business can have to qualify as a "small business" for federal contracting and SBA loan programs.
Example Companies
- ●Brookfield Asset Management- Real estate lessor
- ●Boston Properties- Office REIT
- ●Simon Property Group- Retail REIT
This Code is NOT For...
NAICS 531190 does not cover the following activities. Use the correct code instead:
Acting as lessors of buildings used as residences or dwellings, including on-site manufactured (mobile) homes
Acting as lessors of buildings (except miniwarehouses and self-storage units) that are not used as residences or dwellings
Renting or leasing space for self-storage
Providing colocation services (i.e., rental of server and networking space in data centers)
Operating docking and/or storage facilities for pleasure craft owners
Providing parking space for motor vehicles
Frequently Asked Questions
Yes. Most businesses operate under several NAICS codes. Your primary code should reflect your main source of revenue. You can list secondary codes for other business activities when registering with government agencies or applying for contracts.
Choose the NAICS code that represents your largest revenue source as your primary code. You can add secondary codes for other activities. For example, a restaurant that also offers catering would use Full-Service Restaurants as the primary code and Caterers as a secondary code.
NAICS codes do not directly determine your tax obligations. However, certain tax credits, deductions, and industry-specific regulations may reference NAICS codes to determine eligibility. Your actual tax liability depends on your business structure and activities, not your classification code.
No. The NAICS code on your EIN application is for statistical purposes only. You can update it if your business activities change. The IRS uses this information for economic analysis, not for determining your tax treatment.
You can update your NAICS code when filing your next business tax return or by contacting the IRS. For government contracts, update your code in SAM.gov. There is no penalty for changing codes as your business evolves or if you selected the wrong code initially.