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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1413 Cherokee Ave Seneca, MO 64865-9374

    • Turn key restaurants
    • 2,653 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2411302
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1413 Cherokee Ave

    Year built
    2002
    Lot size
    0.19 lot acres
    Property size
    2,653 SF
    Property type
    Turn key restaurants
    APN
    18-7.0-35-004-016-020.000
    APU
    187035004016020000

    Description

    This exceptional commercial property at 1413 Cherokee Avenue in Seneca, Missouri, presents a unique turnkey opportunity for a savvy investor or restaurateur. The 2,531 square foot building sits on a 0.19-acre lot and is currently operating as a thriving restaurant. The sale includes all restaurant equipment, less than five years old, making this a seamless transition for a new owner. The layout is well-designed and includes a spacious dining area, two bathrooms, a convenient cashier area with a pickup/take-out window, a fully equipped kitchen, a storage/office area, and a walk-in cooler. The building is meticulously maintained, reflecting the pride of ownership. Two high-efficiency HVAC units, aged two and five years respectively, ensure comfortable climate control. The prime location guarantees high visibility and accessibility, contributing to the restaurant's current success. This is a rare chance to acquire an established, profitable business with minimal upfront investment in equipment and renovations. The asking price is $275,000. Don't miss this chance to own a thriving Seneca business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $285,000
      Current use
      OFFICE BUILDING
      $420,000
      Change: +48% Conversion: Moderate
      RETAIL STORES
      $360,000
      Change: +27% Conversion: Easy
      COMMERCIAL (GENERAL)
      $295,000
      Change: +4% Conversion: Easy
      AUTO REPAIR, GARAGE
      $235,000
      Change: -17% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seneca
    County
    Newton
    State
    Missouri
    Longitude
    -94.6109
    Latitude
    36.8393
    CBSA code
    27900
    CBSA name
    JOPLIN, MO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,941
    $1,952
    $29,628
    $31,580
    -
    $6,100
    $92,600
    $98,700

    Comparable in this City

    • Value Estimation
      $285,000
      2,431 SF

      Seneca, MO 64865

      RESTAURANT • 2,431 SF
      Seneca, MO 64865
      View Details
    • Value Estimation
      $280,000
      1,544 SF

      Seneca, MO 64865

      RESTAURANT • 1,544 SF
      Seneca, MO 64865
      View Details
    • Value Estimation
      $275,000
      2,016 SF

      2314 Cherokee Ave

      RESTAURANT • 2,016 SF
      2314 Cherokee Ave, Seneca, MO 64865-9703
      View Details
    • Value Estimation
      $225,000
      3,166 SF

      1042 Cherokee Ave

      RESTAURANT • 3,166 SF
      1042 Cherokee Ave, Seneca, MO 64865-9206
      View Details
    • Value Estimation
      $260,000
      1,878 SF

      1448 Iris Rd

      BAR, TAVERN • 1,878 SF
      1448 Iris Rd, Seneca, MO 64865-7254
      View Details
    • Value Estimation
      $295,000
      1,692 SF

      1420 1st St

      BAR, TAVERN • 1,692 SF
      1420 1st St, Seneca, MO 64865-9491
      View Details

    Similar Nearby for Sale

    • $265,000
      6,593 SF

      Turnkey Brewery and Restaurant Space

      Fully equipped brewery and restaurant in historic downtown Seneca, MO.
      1107 Cherokee Ave, Seneca, MO 64865
      View Details
    • $79,900
      0.07 Acres

      Downtown Seneca Retail Opportunity

      High-visibility corner lot, prime location.
      1320 Cherokee Ave, 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 Ave, Seneca, MO 64865
      View Details
    • New
      $143,285
      2,871 SF

      Seneca Mixed-Use Property For Sale

      Remodeled living quarters attached to a historic commercial building.
      121 Washington Ave, Seneca, MO 64865
      View Details
    • $149,960
      0.09 Acres

      Seneca Restaurant/Bar Opportunity

      Turnkey Restaurant, Great Location!
      Cherokee Ave, Seneca, MO 64865
      View Details
    • $449,000
      82.00 Acres

      82-Acre Farm Near Seneca, MO

      82-acre farm offers hunting, wildlife, and country living near Seneca.
      Woodland Dr, Seneca, MO 64865
      View Details
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    Seneca, MO 64865-9374
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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.

    More about this property
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