Sign Up Successful!
You now have access to more from Realmo!
    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

    6161 River Rd, Unit 36 Henrico, VA 23226

    Sponsored
    For Sale
    $539,000

    MULTI_FAMILY - Colonial - Henrico, VA

    Property size:
    1,799 SF
    Lot size:
    10.12 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 21 at 11:06 am

    Property Features for 6161 River Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 3, Dining Room, Bathroom 1, Bedroom 3, Bedroom 2
    Bedrooms
    3
    Bathrooms
    3
    APN
    763-731-0250
    Parking features
    On Street
    Patio and Porch features
    Porch, Patio
    Interior features
    BedroomOnMainLevel, SeparateFormalDiningRoom, EatInKitchen, Fireplace, BathInPrimaryBedroom, MainLevelPrimary, SolidSurfaceCounters, WalkInClosets
    Exterior features
    Porch, Storage
    Fireplace
    1
    Appliances
    Dryer, Dishwasher, ElectricCooking, Disposal, GasWaterHeater, Refrigerator, Washer
    Size
    1,799 SF
    Lot size
    10.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1967
    Floors in Building
    1
    Flooring type
    Vinyl, Wood, Carpet
    Building materials
    Brick, Drywall, Hardboard, WoodSiding
    Roof type
    Slate
    Architectural style
    Colonial
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Greg Somerville

    Shaheen, Ruth, Martin & Fonville (804) 288-2100

    Listing agent Greg Somerville (804) 288-2100 License #0225252731

    Listing date Feb 21, 2026

    MLS# 2604064 Listing URL

    Copyright © 2026 Central Virginia Regional 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.

    Learn more

    Property Insight Report

    Overview

    Chatham Square First Floor Unit

    This spacious, one-level unit is located on the first floor of Chatham Square, a gated cooperative community set on over 10 acres of grounds with trees, private roads, and courtyards. The property offers easy access with no interior stairs and a flexible floor plan. The living room features a gas fireplace and flows into the dining area. A carpeted sunroom with windows provides access to the backyard. The home includes three bedrooms, with one currently used as a study, two full baths, and one half bath. Hardwood floors are present throughout the main living areas and bedrooms. The kitchen features Corian countertops and cabinet storage with space for a small table. Community amenities include 24-hour on-site security and exterior and grounds maintenance. The property is located across the street from the University of Richmond, Country Club of Virginia, dining, shopping, and neighborhood favorites.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.533065
    Latitude
    37.5681

    Nearby Similar for Sale

    • Contact for pricing
      22,447 SF

      Henrico Flex Industrial and Office

      Flex industrial and office asset in Henrico-Richmond submarket.
      3941 Deep Rock Rd, Henrico, VA
      View Details
    • $675,000
      0.19 Acres

      Henrico Townhouse Development Opportunity

      Prime 0.19-Acre Lot, High-Density Zoning
      00 Acton St, Henrico, VA 23231
      View Details
    • $675,000
      1.60 Acres

      Henrico Townhouse Development Opportunity

      1.86 Acres, B1-R6 Zoning, High Density
      00 Darbytown Rd, Henrico, VA 23231
      View Details
    • $350,000

      Henrico Commercial Building - $350K

      Prime Henrico location, high-traffic retail space.
      2900 Williamsburg Rd, Henrico, VA 23231
      View Details
    • Contact for pricing
      5,656 SF

      Retail and Office Investment Opportunity

      Retail and office property with existing leases in Henrico, VA.
      2664 New Market Rd, Henrico, VA
      View Details
    • Contact for pricing
      3,637 SF

      Retail and Office Investment Opportunity

      3.69 acres with retail and office tenants in place.
      2660 New Market Rd, Henrico, VA
      View Details
    • $425,000
      1,499 SF

      Henrico Commercial Cottage - Prime Location

      Charming 1932 Cottage, 8 Parking Spaces, Great Location
      8001 Strath Rd, Henrico, VA 23231
      View Details
    • Contact for pricing
      11,421 SF

      Retail Building on Staples Mill

      Freestanding retail building with high traffic and accessibility.
      9501 Staples Ml Rd, Henrico, VA
      View Details
    • Contact for pricing
      6,000 SF

      Henrico Office Building Opportunity

      Office buildings for sale in Henrico, Virginia. Subdividable.
      Patterson Ave, Henrico, VA
      View Details
    • $790,000
      9,280 SF

      High-Visibility Henrico Commercial Space

      Warehouse, Showroom, & Office Space - Great Potential!
      106 Nine Mile Rd, Henrico, VA 23075
      View Details
    • Contact for pricing
      12,876 SF

      Colonial Brick Office Building

      Three-story office building with high visibility and ample parking.
      2604 N Parham Rd, Henrico, VA
      View Details
    • Contact for pricing
      17,000 SF

      GreenGate Retail/Office/Medical Pad Site

      Located in GreenGate, this pad site is building permit ready.
      3401 Haydenpark Ln, Henrico, VA
      View Details

    FAQs

    What type of property is this?
    Single family property - One-level living in a gated community near University of Richmond.
    Where is this single family property located?
    The property is located at 6161 River Rd, Unit 36 Henrico, VA.
    What is the asking price?
    The asking price for this property is $539,000.
    What are key features of this property?
    This property features: - Rare first-floor, one-level living with no interior stairs.; - Gated cooperative community with 24-hour on-site security and grounds maintenance.; - Located across the street from the University of Richmond, Country Club of Virginia, dining, and shopping.
    (804) 551-4449
    Request Owner's contact information
    6161 River Rd, Unit 36 Henrico, VA 23226
    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.
    6161 River Rd, Unit 36
    Henrico, VA 23226
    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
    6161 River Rd, Unit 36 Henrico, VA 23226
    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

    We can help!
    Listing Contact
    Greg Somerville
    Real Estate License ID: 0225252731
    (804) 551-4449 (804) 288-2100
    Learn more
    Google sign-in failed. Please try again or use another login method.