real estate is a tangible asset

viewed purely as a tangible asset, real estate constitutes the physical components of location and space. In this context, real estate is defined as the land and its permanent improvements. Improvements on land include any fixed structures such as buildings,fences,walls,and decks.Improvements to the land include the components necessary to make the land suitable for building construction or other uses. These improvements are often referred to as infrastructure, and consist of the streets, walkways, storm water drainage systems, and other systems such as water, sewer, electric, and telephone utilities that may be required for land use. Subject to legal and practical limits, it should be noted that real estate includes not only the surface of the earth, but also the area above and below the surface.
In practice the term land may include more than simply the earth; it may also include the improvements to the land. for example, the term land is often used to refer to a building site, or lot, and includes the infrastructure but not any structure. In contrast,land is also commonly used to refer to a larger area that does not include any improvements. This is sometimes identified as raw land. these distinctions may seem unimportant, but they become especially important when the value of land is considered.
Tangible assets include both real property and personal property. In professional practice ,the terms real property and real estate are treated as interchangeable. personal property refers to things that are movable and not permanently affixed to land. For example, a motor home is personal property, while a custom "site-built" house is real property. A mobile home may be real or personal property, depending on how it is secured to the land and legally recognized by the jurisdiction in which it is located.