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    Monticello Commercial Property For Sale Title is generated by Realmo AI

    750 HL Ross Drive, Monticello, AR 71655

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    For Sale
    $750,000

    Traditional, Building and Land - Monticello, AR

    Property size:
    5,280 SF
    Lot size:
    0.53 Acres
    Price / SF:
    $142/SF
    Added:
    Dec 17, 2025
    Days on Market:
    150
    Last Refresh:
    May 16 at 10:06 pm

    Property Features for 750 HL Ross Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    15
    Exterior features
    Wheelchair Accessible
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    5,280 SF
    Lot size
    0.53 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2071.27

    Building Details

    Year built
    1978
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Maecy Rayborn

    Listing agent Maecy Rayborn

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

    Listing date Dec 17, 2025

    MLS# 25049217 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.

    HighLights

    • Ideal for medical practices or professional services with multiple office spaces, patient rooms, and waiting areas.
    • Convenient location minutes from the hospital and surrounding medical offices.
    • Four handicapped parking spaces for enhanced accessibility.
    • Includes 4 half baths, a laundry room, and 2 shower rooms with plumbing in place.
    • Large reception area and dedicated office area.
    • Wheelchair accessible with accessible approach and ramp.

    Overview

    This versatile commercial property, located in Monticello, Arkansas, offers multiple office spaces, patient rooms, and spacious waiting areas, making it suitable for medical practices, professional services, or general office use. Situated minutes from the hospital and surrounding medical offices, it provides a convenient and accessible setting. The building, with a total size of 5280 square feet and a lot size of 0.53 acres, includes 4 half baths, a laundry room, and 2 shower rooms with plumbing in place for the showers to be completed. A large reception area and dedicated office area create a functional and welcoming layout. The property also features 4 handicapped parking spaces for enhanced accessibility. The property is located at 750 HL Ross Drive, Monticello, AR 71655.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drew Memorial Wound ... Medical Clinic Arkansas Center For Women Medical Clinic Drew Professional Services Medical Clinic Brenda J. Jacobs, ... Physician Dr. Abid Mohiuddin Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Drew
    State
    Arkansas
    Longitude
    -91.818877
    Latitude
    33.6111924

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    FAQs

    What type of property is this?
    Medical Office Space - Versatile commercial property ideal for medical or professional services.
    Where is this medical office space located?
    The property is located at 750 HL Ross Drive Monticello, AR.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Ideal for medical practices or professional services with multiple office spaces, patient rooms, and waiting areas.; Convenient location minutes from the hospital and surrounding medical offices.; Four handicapped parking spaces for enhanced accessibility.
    (615) 557-7377
    We can help!
    Listing Contact
    Maecy Rayborn
    Learn More
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    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.

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