Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Seneca Mixed-Use Property For Sale Title is generated by Realmo AI

    121 Washington Avenue, Seneca, MO 64865

    View on Map
    Claim this Listing
    For Sale
    $109,327

    COMMERCIAL - Seneca, MO

    Property size:
    2,871 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $38/SF
    Added:
    Jan 15, 2026
    Days on Market:
    124
    Last Refresh:
    May 19 at 10:06 am

    Property Features for 121 Washington Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    2,871 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1039

    Utilities

    Heating system
    Central, Pellet Stove
    Cooling system
    Window Unit(s), Central Air

    Building Details

    Year built
    1936
    Flooring type
    Carpet, Vinyl, Concrete
    Roof type
    Composition

    We can help!

    Listing Contact
    Randi Jo Werries
    Randi Jo Werries

    Listing agent Randi Jo Werries License #2021008662

    Listing office Legacy Real Estate 18036 Newton Rd., Nevada, MO

    Listing date Jan 15, 2026

    MLS# 260260

    Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Remodeled living quarters ideal for rental/Airbnb income.
    • Commercial building with endless possibilities like a salon or boutique.
    • Original liquor store with storage and garage.
    • Convenient location near state line and casinos.
    • Includes both central heating and cooling.
    • Accessible approach with ramp.

    Overview

    This mixed-use property in Seneca, Missouri, features a remodeled living space attached to a historic commercial building. The living quarters, suitable for rental or Airbnb use, include one to two bedrooms, a bathroom, and an open-plan living, kitchen, and dining area. The commercial building, formerly a liquor store, offers storage space and a garage at the rear. The property, situated on a 0.34-acre lot, presents opportunities for various businesses, such as a salon or boutique, or further rental/Airbnb development. The building size is 2871 square feet. Its location provides convenient access to the state line and casinos.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Dental Office Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Seneca
    County
    Newton
    State
    Missouri
    Longitude
    -94.617153
    Latitude
    36.834415

    Nearby Similar for Sale

    • $150,000
      5,200 SF

      Versatile Commercial Property in Seneca

      Two shop buildings totaling over 5,000 sqft on 1.1 acres.
      419 Washington Avenue, Seneca, MO 64865
      View Details
    • $99,999

      Versatile Commercial Property in Seneca

      Two shop buildings totaling over 5,000 sq ft on 1.1 acres.
      419 Washington Avenue, Seneca, MO 64865
      View Details
    • $169,900
      1,737 SF

      Seneca Commercial Property for Sale

      Commercial property in Seneca, Missouri, suitable for various business ventures.
      1418 Cherokee Avenue, Seneca, MO 64865
      View Details
    • $240,000
      6,593 SF

      Turnkey Brewery and Restaurant Space

      Fully equipped brewery and restaurant in historic downtown Seneca, MO.
      1107 Cherokee Avenue, Seneca, MO 64865
      View Details
    • $449,900

      82.2 Acre Farm Near Town

      82.2 acre farm suitable for livestock and hunting.
      Woodland Drive, Seneca, MO 64865
      View Details
    • $67,500

      Downtown Seneca Commercial Opportunity

      Commercial building on Main Street in downtown Seneca, Missouri.
      1117 Cherokee Avenue, Seneca, MO 64865
      View Details
    • $79,900

      Downtown Seneca Corner Lot Retail

      Highly visible corner lot in Downtown Seneca with great potential.
      1320 Cherokee Avenue, Seneca, MO 64865
      View Details
    • $149,960

      Restaurant/Bar Opportunity with Equipment Included

      Restaurant/bar/grill opportunity with equipment and fixtures included.
      Cherokee Avenue, Seneca, MO 64865
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Remodeled living quarters attached to a historic commercial building.
    Where is this mixed-use property located?
    The property is located at 121 Washington Avenue Seneca, MO.
    What is the asking price?
    The asking price for this property is $109,327.
    What are key features of this property?
    This property features: Remodeled living quarters ideal for rental/Airbnb income.; Commercial building with endless possibilities like a salon or boutique.; Original liquor store with storage and garage.
    (417) 592-8370
    We can help!
    Listing Contact
    Randi Jo Werries
    Randi Jo Werries
    Real Estate License ID: 2021008662
    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

    Thank You for Inquiry
    121 Washington Avenue, Seneca, MO 64865
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!