U. S. Securities and Exchange Commission
                         Washington, D. C.  20549


                                FORM 10-QSB


[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the quarterly period ended April 30, 2005

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

     For the transition period from                to
                                    --------------    ---------------


                       Commission File No. 000-04494


                     Commercial Property Corporation
                     -------------------------------
                (Name of Small Business Issuer in its Charter)


         Delaware                                      13-5661446
         --------                                      ----------
(State or Other Jurisdiction of                  (I.R.S. Employer I.D. No.)
 incorporation or organization)

                          9005 Cobble Canyon Lane
                            Sandy, Utah 84093
                            -----------------
                 (Address of Principal Executive Offices)

                Issuer's Telephone Number:  (801) 942-0555

Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

(1)  Yes X     No                  (2)  Yes X   No
        ---      ---                       ---    ---

<PAGE>
             APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                PROCEEDINGS DURING THE PRECEDING FIVE YEARS

                              Not applicable.


                   APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the Registrant's classes
of common stock, as of the latest practicable date:

                            April 30, 2005

                              2,054,652
                              ---------

PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements.

          The Financial Statements of the Registrant required to be filed with
this 10-QSB Quarterly Report were prepared by management, and commence on the
following page, together with Related Notes.  In the opinion of management,
the Financial Statements fairly present the financial condition of the
Registrant.
<PAGE>
                 COMMERCIAL PROPERTY CORPORATION
                  (A Development Stage Company)

              UNAUDITED CONDENSED FINANCIAL STATEMENTS

                           April 30, 2005
<PAGE>
                 COMMERCIAL PROPERTY CORPORATION
                  [A Development Stage Company]




                             CONTENTS

                    PAGE


        Unaudited Condensed Balance Sheets,
             April 30, 2005 and October 31, 2004                      2


        Unaudited Condensed Statements of Operations,
             for the three and six months ended April 30,
             2005 and 2004 and from the re-entering of
             development stage on November 19, 1997
             through April 30, 2005                                   3


        Unaudited Condensed Statements of Cash Flows,
             for the six months ended April 30, 2005
             and 2004 and from the re-entering of
             development stage on November 19, 1997
             through April 30, 2005                                   4


           Notes to Unaudited Condensed Financial Statements      5 - 8
<PAGE>
                 COMMERCIAL PROPERTY CORPORATION
                  (A Development Stage Company)
                UNAUDITED CONDENSED BALANCE SHEETS


                              ASSETS

                                                 April 30,      October 31,
                                                   2005             2004
CURRENT ASSETS

 Cash                                             $       -      $          -
                                                  ---------      ------------
  Total Current Assets                            $       -      $          -
                                                  ---------      ------------
                                                  $       -      $          -
                                                  =========      ============

          LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

 Accounts payable                                 $  34,158      $     32,187
 Advances from shareholder                           21,545             6,163
                                                  ---------      ------------
  Total Current Liabilities                          55,703            38,350
                                                  ---------      ------------

COMMITMENTS AND CONTINGENCIES
[See Note 7]                                              -                 -
                                                  ---------      ------------
  Total Liabilities                                  55,703            38,350
                                                  ---------      ------------
STOCKHOLDERS' EQUITY (DEFICIT):
     Preferred stock, $.001 par value, 10,000,000
     shares authorized, no shares issued and
     outstanding                                          -                 -
     Common stock, $.001 par value, 50,000,000
     shares authorized, 2,054,652 shares issued
      and outstanding                                 2,055            2,055
     Capital in excess of par value               2,030,067        2,030,067
     Retained deficit                            (2,011,964)      (2,011,964)
     Deficit accumulated during the development
      stage                                         (75,861)         (58,508)
                                                  ---------       ----------
          Total Stockholders' Equity (Deficit)      (55,703)         (38,350)
                                                  ---------       ----------
                                                  $       -       $        -
                                                  =========       ==========

Note:  The balance sheet at October 31, 2004 was taken from the audited
financial statements at that date and condensed.

The accompanying notes are an integral part of these unaudited condensed
financial statements.
                                F-2
<PAGE>

                 COMMERCIAL PROPERTY CORPORATION
                  (A Development Stage Company)
             UNAUDITED CONDENSED STATEMENTS OF OPERATIONS


                                                                From the
                                 For the Three  For the Six  Re-entering of
                                 Months Ended   Months Ended Development Stage
                                   April 30,      April 30,   on November 19,
                           __________________________________  1997 Through
                              2005     2004      2005    2004  April 30, 2005
                           ________ _________ _________ _____ _______________
REVENUE                    $      - $       - $       - $   - $            -

EXPENSES:
  General and administrative 12,081        56    17,353   400         75,861
                           ________ _________ _________ _____ _______________
LOSS BEFORE INCOME TAXES    (12,081)      (56)  (17,353) (400)       (75,861)

CURRENT INCOME TAX EXPENSE        -         -         -     -              -

DEFFERED INCOME TAX EXPENSE       -         -         -     -              -
                           ________ _________ _________ _____ _______________

NET LOSS                   $(12,081)$     (56)$ (17,353)$(400)$      (75,861)
                           ________ _________ _________ _____ _______________

LOSS PER COMMON SHARE      $   (.01)$    (.00)$    (.01)$(.00)$         (.04)
                           ________ _________ _________ _____ _______________

The accompanying notes are an integral part of these unaudited condensed
financial statements.
                                F-3
<PAGE>
                 COMMERCIAL PROPERTY CORPORATION
                  (A Development Stage Company)
             UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

                                                                   From the
                                                                Re-entering of
                                           For the           Development Stage
                                       Six Months Ended      on November 19,
                                            April 30,           1997 through
                                      2005          2004       April 30, 2005

Cash Flows from Operating Activities:
  Net loss                                $ (17,353)  $     (400)  $ (75,861)
  Adjustments to reconcile net loss to
   net cash used by operating activities:
   Stock issued for services rendered             -            -      18,963
   Changes in assets and liabilities:
   Increase (decrease) in accounts payable    1,971         (209)     34,158
                                          ---------   ----------   ---------
        Net Cash (Used) by Operating
        Activities                          (15,382)        (609)    (22,740)
                                          ---------   ----------   ---------
Cash Flows from Investing Activities              -            -           -
                                          ---------   ----------   ---------
        Net Cash Provided by Investing
        Activities                                -            -           -
                                          ---------   ----------   ---------
Cash Flows from Financing Activities:
  Capital contributions                           -            -       1,195
  Advances from shareholder                  15,382          609      21,545
                                          ---------   ----------   ---------
   Net Cash Provided by Financing
    Activities                               15,382          609      22,740
                                          ---------   ----------   ---------
Net Increase (Decrease) in Cash                   -            -           -

Cash at Beginning of Period                       -            -           -
                                          ---------   ----------   ---------
Cash at End of Period                     $       -   $        -   $       -
                                          =========   ==========   =========
Supplemental Disclosures of Cash Flow information:

  Cash paid during the period for:
  Interest                                $       -   $        -   $       -
  Income taxes                            $       -   $        -   $       -

Supplemental Schedule of Non-cash Investing and Financing Activities:

  From the re-entering of development stage on November 19, 1997 through
  April 30, 2005:
    In April 1998, the Company issued 1,742,500 shares of common stock for
    services rendered valued at $8,713.

    In March 1998, the Company issued 205,000 shares of common stock for
    services rendered valued at $10,250.

The accompanying notes are an integral part of these unaudited condensed
financial statements.
                                F-4
<PAGE>
                 COMMERCIAL PROPERTY CORPORATION
                  (A Development Stage Company)
         NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  Organization - Commercial Property Corporation ("the Company") was
  organized under the laws of the State of Delaware on November 15, 1955 as
  Inland Mineral Resources Corp., but later changed it name to Parker-Levitt
  Corporation.  The Company has been known as Commercial Property Corporation
  since 1977.  The Company was previously engaged in various real estate and
  development projects.  The Company had entered into several business
  acquisitions with subsidiaries and held various limited partnership
  interests.  The operations of the Company were not successful and the
  Company discontinued the majority of its operations by 1981.  In 1984, the
  Company had its corporate charter canceled by the State of Delaware.  In
  1997, the Company issued common stock which resulted in a change in
  control.  The Company is considered to have re-entered into a new
  development stage on November 19, 1997.  In June 2003, the Company was
  reinstated with the State of Delaware.  The Company is presently an
  inactive shell pursuing a suitable business opportunity.  Any transaction
  with an operating company will likely be structured similar to a reverse
  acquisition in which a controlling interest in the Company will be acquired
  by the successor operation.  In such a transaction, the shareholders of the
  Company will likely own a minority interest in the combined company after
  the acquisition and present management of the Company will likely resign
  and be replaced by the principals of the operating company.

  Condensed Financial Statements - The accompanying financial statements have
  been prepared by the Company without audit.  In the opinion of management,
  all adjustments (which include only normal recurring adjustments) necessary
  to present fairly the financial position, results of operations and cash
  flows at April 30, 2005 and 2004 and for the periods then ended have been
  made.

  Certain information and footnote disclosures normally included in financial
  statements prepared in accordance with generally accepted accounting
  principles in the United States of America have been condensed or omitted.
  It is suggested that these condensed financial statements be read in
  conjunction with the financial statements and notes thereto included in the
  Company's October 31, 2004 audited financial statements.  The results of
  operations for the periods ended April 30, 2005 and 2004 are not
  necessarily indicative of the operating results for the full year.

  Development Stage - The Company is considered a development stage company
  as defined in Statement of Financial Accounting Standards No. 7.

  Cash and Cash Equivalents - The Company considers all highly liquid debt
  investments purchased with a maturity of three months or less to be cash
  equivalents.

  Income Taxes -The Company accounts for income taxes in accordance with
  Statement of Financial Accounting Standards No. 109, "Accounting for Income
  Taxes", which requires an asset/liability approach for the effect of income
  taxes [See Note 3].

  Loss Per Share - The computation of loss per share is based on the weighted
  average number of shares outstanding during the period presented in
  accordance with Statement of Financial Accounting Standards No. 128,
  "Earnings Per Share" [See Note 6].

                               F-5
<PAGE>
                 COMMERCIAL PROPERTY CORPORATION
                  [A Development Stage Company]

        NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Continued]

  Accounting Estimates - The preparation of financial statements in
  conformity with generally accepted accounting principles in the United
  States of America requires management to make estimates and assumptions
  that affect the reported amounts of assets and liabilities, the disclosures
  of contingent assets and liabilities at the date of the financial
  statements and the reported amount of revenues and expenses during the
  reported period.  Actual results could differ from those estimated by
  management.

  Recently Enacted Accounting Standards - Statement of Financial Accounting
  Standards ("SFAS") No. 151, "Inventory Costs - an amendment of ARB No. 43,
  Chapter 4", SFAS No. 152, "Accounting for Real Estate Time-Sharing
  Transactions - an amendment of FASB Statements No. 66 and 67", SFAS No.
  153, "Exchanges of Nonmonetary Assets - an amendment of APB Opinion No.
  29", SFAS No. 123 (revised 2004), "Share-Based Payment", SFAS No. 154,
  "Accounting Changes and Error Corrections - a replacement of APB Opinion
  No. 20 and FASB Statement No. 3", were recently issued.  SFAS No. 151,
  152, 153, 123 (revised 2004) and 154 have no current applicability to the
  Company or their effect on the financial statements would not have been
  significant.

  Restatement - In March 2005, the Company effected a 2-for-1 forward stock
  split.  In December 2004, the Company amended its articles of incorporation
  to change the common stock par value.  In April 1998, the Company effected
  a 100-for-1 reverse stock split.  The financial statements have been
  restated, for all periods presented, to reflect the stock splits and change
  in par value [See Note 2].

NOTE 2 - CAPITAL STOCK

  Preferred Stock - In December 2004, the Company amended its articles of
  incorporation to authorize 10,000,000 shares of preferred stock, $.001 par
  value, with such rights, preferences and designations and to be issued in
  such series as determined by the Board of Directors.  No shares were issued
  and outstanding at April 30, 2005 and October 31, 2004.

  Common Stock - In March 1998, the Company issued 205,000 shares of its
  previously authorized but unissued common stock for services valued at
  $10,250.  The stock issuance resulted in a change of control of the
  Company.  The former officers and directors resigned and new officers and
  directors were appointed.

  In April 1998, the Company effected a 100-for-1 reverse stock split.  No
  shareholder was to be reduced to less than 50 shares; therefore, an
  additional 56,632 shares were issued in conjunction with the reverse split.
  The financial statements have been restated, for all periods presented, to
  reflect the stock split.

  In April 1998, the Company issued 1,742,500 shares of its previously
  authorized but unissued common stock for services valued at $8,713.

  In December 2004, the Company amended its articles of incorporation to
  authorize 50,000,000 shares of common stock with $.001 par value.
  Previously, the Company had authorized 3,000,000 shares of common stock
  with $.01 par value.  The financial statements have been restated, for all
  periods presented, to reflect the change in par value.

  In March 2005, the Company effected a 2-for-1 forward stock split.  The
  financial statements have been restated, for all periods presented, to
  reflect the stock split.

                               F-6
<PAGE>
                 COMMERCIAL PROPERTY CORPORATION
                  [A Development Stage Company]

        NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 3 - INCOME TAXES

  The Company accounts for income taxes in accordance with Statement of
  Financial Accounting Standards No. 109, "Accounting for Income Taxes".
  SFAS No. 109 requires the Company to provide a net deferred tax
  asset/liability equal to the expected future tax benefit/expense of
  temporary reporting differences between book and tax accounting methods and
  any available operating loss or tax credit carryforwards.  At April 30,
  2005, the Company had available unused operating loss carryforwards of
  approximately $75,800, which may be applied against future taxable income
  and which expire in various years through 2025.  If certain substantial
  changes in the Company's ownership should occur, there could be an annual
  limitation on the amount of net operating loss carryforwards which can be
  utilized.

  The amount of and ultimate realization of the benefits from the operating
  loss carryforwards for income tax purposes is dependent, in part, upon the
  tax laws in effect, the future earnings of the Company and other future
  events, the effects of which cannot be determined.  Because of the
  uncertainty surrounding the realization of the loss carryforwards, the
  Company has established a valuation allowance equal to the tax effect of
  the loss carryforwards and, therefore, no deferred tax asset has been
  recognized for the loss carryforwards.  The net deferred tax assets are
  approximately $11,400 and $8,800 as of April 30, 2005 and October 31, 2004,
  respectively, with an offsetting valuation allowance of the same amount
  resulting in a change in the valuation allowance of approximately $2,600
  during the six months ended April 30, 2005.

NOTE 4 - RELATED PARTY TRANSACTIONS

  Advances - An officer/shareholder of the Company has paid expenses totaling
  $21,545 on behalf of the Company.  The advances are due on demand and bear
  no interest.

  Management Compensation - During the six months ended April 30, 2005 and
  2004, the Company did not pay any compensation to its officers and
  directors.

  Office Space - The Company has not had a need to rent office space.  An
  officer/shareholder of the Company is allowing the Company to use his home
  as a mailing address, as needed, at no expense to the Company.

NOTE 5 - GOING CONCERN

  The accompanying financial statements have been prepared in conformity with
  generally accepted accounting principles in the United States of America,
  which contemplate continuation of the Company as a going concern.  However,
  the Company has no on-going operations and has current liabilities in
  excess of current assets.  These factors raise substantial doubt about the
  ability of the Company to continue as a going concern.  In this regard,
  management is proposing to raise any necessary additional funds not
  provided by operations through loans or through sales of its common stock
  or through a possible acquisition with another company.  There is no
  assurance that the Company will be successful in raising this additional
  capital or in establishing profitable operations.  The financial statements
  do not include any adjustments that might result from the outcome of these
  uncertainties.

                               F-7
<PAGE>
                 COMMERCIAL PROPERTY CORPORATION
                  [A Development Stage Company]

        NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

NOTE 6 - LOSS PER SHARE

  The following data shows the amounts used in computing loss per share:

                                                                From the
                                 For the Three  For the Six  Re-entering of
                                 Months Ended   Months Ended Development Stage
                                   April 30,      April 30,   on November 19,
                           __________________________________  1997 Through
                              2005     2004      2005    2004  April 30, 2005
                           ________ _________ _________ _____ _______________
   Loss available to common
   shareholders (numerator)$(12,081)$     (56)$ (17,353)$(400)$     (75,861)
                           ________ _________ _________ _____ _______________
   Weighted average number
   of common shares
   outstanding used in loss
   per share during the
   period (denominator)   2,054,652  2,054,652 2,054,652 2,054,652  1,947,183
                          _________ __________ _________ _________ __________

  Dilutive loss per share was not presented, as the Company had no common
  equivalent shares for all periods presented that would effect the
  computation of diluted loss per share.

NOTE 7 - COMMITMENTS AND CONTINGENCIES

  The Company has not been active for 20 years, since it discontinued its
  real estate operations.  Management believes that there are no valid
  outstanding liabilities from prior operations.  If a creditor were to come
  forward and claim a liability, the Company has committed to contest the
  claim to the fullest extent of the law.  Due to various statutes of
  limitations and because the likelihood that a 20-year old liability would
  not still be valid, no amount has been accrued in these financial
  statements.

                               F-8
<PAGE>

Item 2.   Management's Discussion and Analysis or Plan of Operation.
--------------------------------------------------------------------

Plan of Operation.
------------------

         The Company has not engaged in any material operations since the
calendar year ended October 31, 1981, or during the quarterly period ended
April 30, 2005 or to the date hereof.

         The Company's plan of operation for the next 12 months is to:(i)
consider guidelines of industries in which the Company may have an interest;
(ii) adopt a business plan regarding engaging in business in any selected
industry; and (iii) to commence such operations through funding and/or the
acquisition of a "going concern" engaged in any industry selected.

         During the next 12 months, the Company's only foreseeable cash
requirements will relate to maintaining the Company in good standing or the
payment of expenses associated with reviewing or investigating any potential
industries as a business venture, which the Company expects to pay from its
cash resources or loans from makers of management.

Item 3.   Controls and Procedures.
----------------------------------

     As of the end of the period covered by this Quarterly Report, we carried
out an evaluation, under the supervision and with the participation of our
President and Secretary/Treasurer, of the effectiveness of the design and
operation of our disclosure controls and procedures.  Based on this
evaluation, our President and Secretary/Treasurer concluded that our
disclosure controls and procedures are effective in timely alerting them to
material information required to be included in our periodic Securities and
Exchange Commission reports.  It should be noted that the design of any system
of controls is based in part upon certain assumptions about the likelihood of
future events, and there can be no assurance that any design will succeed in
achieving its stated goals under all potential future conditions, regardless
of how remote.  In addition, we reviewed our internal controls, and there have
been no significant changes in our internal controls or in other factors that
could significantly affect those controls subsequent to the date of their last
evaluation.

                    PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.
----------------------------

          None; not applicable.

Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds.
----------------------------------------------------------------------

          None; not applicable.

Item 3.   Defaults Upon Senior Securities.
------------------------------------------

          None; not applicable.

Item 4.   Submission of Matters to a Vote of Security Holders.
--------------------------------------------------------------

          None; not applicable.

Item 5.   Other Information.
----------------------------

          In March 2005, the Company effected a 2-for-1 stock split of its
outstanding common shares.

Item 6.   Exhibits.
-------------------

          Exhibits.

               31.1 302 Certification of David C. Merrell

               31.2 302 Certification of Kristine M. Rogers

               32   906 Certification

<PAGE>

                               SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Quarterly Report to be signed on its
behalf by the undersigned there unto duly authorized.

                                        Commercial Property Corporation

Date: 6/14/2005                         By/s/David C. Merrell
     ----------                         -------------------------------------
                                        David C. Merrell
                                        Director and President


Date: 6/14/2005                         By/s/Kristine M. Rogers
     ----------                         -------------------------------------
                                        Kristine M. Rogers
                                        Secretary and Treasurer
<PAGE>