53119 - Lessors of Other Real Estate Property
When navigating the complex world of government contracting or market research in real estate, understanding specific NAICS codes is crucial. One such important code is NAICS code 53119, identified as Lessors of Other Real Estate Property. This code plays a key role within the Real Estate and Rental and Leasing sector, focusing on specialized real estate leasing activities beyond typical residential, commercial, or industrial properties.
What is NAICS Code 53119?
NAICS code 53119 covers establishments primarily engaged in leasing or renting real estate properties other than:
- Residential buildings
- Commercial buildings
- Industrial buildings
Instead, this industry targets lessors of specialized or niche real estate types such as:
- Vacant land
- Miniwarehouses/self-storage units
- Other unique real estate properties not classified elsewhere
Sector: Real Estate and Rental and Leasing
This industry is part of the broader Real Estate and Rental and Leasing sector, which encompasses businesses involved in renting, leasing, or otherwise allowing the use of tangible or intangible assets.
Typical Business Activities under NAICS 53119
Businesses classified under this code typically engage in:
- Leasing or renting vacant land for development, agriculture, or recreational purposes.
- Operating and leasing miniwarehouses or self-storage units.
- Leasing specialized real estate properties such as mobile home parks, recreational campsites, or parking lots.
- Providing space leasing for non-building real estate assets.
Size Standards for NAICS 53119 Eligibility
To qualify as a small business under NAICS code 53119 for government contracting purposes, establishments must meet the SBA size standard based on annual receipts:
| NAICS Code | Industry Title | Size Standard |
|---|---|---|
| 53119 | Lessors of Other Real Estate Property | $39.5 million in annual receipts |
Meeting this size standard is crucial for firms wanting to participate in small business set-asides or obtain certain government contracts.
Examples of Businesses under NAICS 53119
- Lessors of Vacant Land: Companies leasing undeveloped land for farming, energy projects, or recreational use.
- Miniwarehouse and Self-Storage Operators: Operators maintaining storage units for personal or business use.
- Specialized Property Lessors: Firms leasing mobile home parks, boat docks, RV parks, or parking lots.
These examples illustrate the diversity within this NAICS classification and its focus on non-traditional real estate leasing.
NAICS Code 53119 Code Details Table
| Attribute | Details |
|---|---|
| NAICS Code | 53119 |
| Title | Lessors of Other Real Estate Property |
| Description | Establishments primarily engaged in leasing/renting real estate properties other than residential, commercial, or industrial buildings. Includes lessors of land, miniwarehouses, and other specialized properties. |
| Sector | Real Estate and Rental and Leasing |
| Typical Businesses | Lessors of vacant land, lessors of miniwarehouses/self-storage units, lessors of specialized properties such as mobile home parks or parking lots |
| Small Business Size Standard | $39.5 million in annual receipts |
Frequently Asked Questions (FAQs)
What types of properties are included under NAICS code 53119?
NAICS 53119 includes properties such as vacant land, miniwarehouses/self-storage units, mobile home parks, recreational campsites, and parking lotsâessentially real estate that is not residential, commercial, or industrial buildings.
Who uses NAICS code 53119?
Businesses leasing specialized real estate properties and government agencies for procurement classification use this code. It helps identify and classify companies in market research and contracting.
How does NAICS 53119 differ from other real estate codes?
Unlike codes for residential (e.g., 53111), commercial (e.g., 53112), or industrial buildings (e.g., 53113), 53119 relates specifically to niche or specialized lease properties that donât fit those categories.
What is the size standard for small businesses under 53119?
The size standard is $39.5 million or less in average annual receipts over three years.
Conclusion
NAICS code 53119 represents a unique and specialized segment within the real estate leasing industry. For businesses leasing vacant land, miniwarehouses, or other specialized properties, this classification is critical for government contracting, market analysis, and industry identification. Understanding its scope, sector, size standards, and examples can help companies position themselves competitively in both public and private sectors.
Keywords: NAICS code 53119, lessors of other real estate property, vacant land leasing, miniwarehouses, self-storage units, specialized real estate leasing, real estate and rental and leasing sector, small business size standard, government contracting real estate
