Real estate was a term used for private property.

A real estate commercial falsely advertised property on "beautiful Nimbus III". (Star Trek V: The Final Frontier)

In 2374, prior to Operation Return, Benjamin Sisko referred to Deep Space 9 as the most important piece of real estate in the Alpha Quadrant in an attempt to convince the admirals to give permission for him to lead an offensive. (DS9: "Favor the Bold")

In 2376, upon learning that the Brunali homeworld had been the subject of numerous Borg attacks, Tom Paris quipped, "Not exactly prime real estate." (VOY: "Child's Play")

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