Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    538 E Shelton Street Monticello, AR 71655

    View on Map
    For Sale
    $175,000

    Traditional, Building and Land - Monticello, AR

    Property size:
    5,749 SF
    Lot size:
    1.00 Acre
    Added:
    Oct 4, 2024
    Days on Market:
    545
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 538 E Shelton Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    10
    Standard status
    Active
    Size
    5,749 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    TaxAnnualAmount
    947

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1990
    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Marty Baker

    Listing agent Marty Baker

    Listing office Monticello Realty 107 Hwy. 425 S., Monticello, AR

    Listing date Oct 4, 2024

    MLS# 24036582 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Monticello Warehouse with Storefront

    This 5,749 sq. ft. warehouse is situated on approximately one acre. The property features a truck dock and a storefront that includes office space. It is located in Monticello, Arkansas. The property is intended for entrepreneurial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Seaark Marine Inc — 404 N Gabbert St, Monticello, AR 71655

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Drew
    State
    Arkansas
    Longitude
    -91.8122
    Latitude
    33.5969

    Nearby Similar for Sale

    • $750,000
      5,280 SF

      Monticello Commercial Property For Sale

      Versatile commercial property ideal for medical or professional services.
      750 HL Ross Drive, Monticello, AR 71655
      View Details
    • $436,500
      5,359 SF

      Versatile Building Near Baptist Hospital

      Adaptable property ideal for medical, educational, or business ventures.
      777 Jordan Drive, Monticello, AR 71655
      View Details
    • $2,500,000
      15,140 SF

      Established Bowling Alley and Arcade

      Thriving entertainment business in a vibrant college town.
      267 Highway 425, Monticello, AR 71655
      View Details
    • $400,000
      9,039 SF

      Historic Building with Income Potential

      Versatile commercial property with restaurant, retail, and residential income.
      355 S Main St, Monticello, AR 71655
      View Details
    • $2,200,000
      840 SF

      New Mobile Home Park Opportunity

      New mobile home park with 20 units for passive income.
      416 S Speer street, Monticello, AR 71655
      View Details
    • $215,000
      2,432 SF

      Updated Duplex Near Town Square

      Updated duplex with two units, conveniently located near town square.
      512 N Slemons Street, Monticello, AR 71655
      View Details
    • $138,000
      1,950 SF

      Downtown Commercial Property in Monticello

      Versatile 1,950 sq ft commercial space in downtown Monticello.
      103 Bailey Street, Monticello, AR 71655
      View Details
    • $875,000
      2,976 SF

      Renovated Restaurant with Rental Income

      Move-in-ready restaurant with rental units on 2.29+- acres.
      810 Highway 278, Monticello, AR 71655
      View Details
    • $133,000
      4,500 SF

      Monticello Mixed-Use Opportunity

      Move-in ready, versatile property suitable for various uses.
      620 NORTH CONLEY, Monticello, AR 71655
      View Details
    • $105,000
      420 SF

      Monticello Investment Opportunity: Two Homes

      Two tenant-occupied, one-bedroom homes offer immediate income.
      124 W College, A & B Avenue, Monticello, AR 71655
      View Details
    • $650,000
      5,000 SF

      Monticello Multifamily Investment Opportunity

      Newly built apartment building with five units in a quiet location.
      125 W Jackson Street, Monticello, AR 71655-0000
      View Details
    • $416,000
      8,320 SF

      Retail Building on 1.18 Acres

      8,320 SF retail building on 1.18 acres for sale.
      620 W Gaines St, Monticello, AR
      View Details

    FAQs

    What type of property is this?
    Warehouse - 5,749 SF warehouse on one acre with truck dock.
    Where is this warehouse located?
    The property is located at 538 E Shelton Street Monticello, AR.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: 5,749 sq. ft. warehouse space.; Includes a truck dock for easy loading and unloading.; Store front with office space.
    (870) 723-5192
    We can help!
    Listing Contact
    Marty Baker
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!