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    7098 Fernwood St Richmond, VA 23228

    For Sale
    $1,900,000

    Land suitable for independent living units in Richmond, Virginia.

    Lot size:
    3.92 Acres

    Property Features for 7098 Fernwood St

    General Information

    Lot size
    3.92 Acres

    Source: One South Commercial Agent Chris Corrada

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Glenside Submarket

    Located within the Carriage Hill Continuing Care Retirement Community (CCRC) in the Glenside submarket of Richmond, Virginia, this land is suitable for the development of independent living units. The site can accommodate 31 units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.50543
    Latitude
    37.615435

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    FAQs

    What type of property is this?
    Land - Land suitable for independent living units in Richmond, Virginia.
    Where is this land located?
    The property is located at 7098 Fernwood St Richmond, VA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Located within the Carriage Hill CCRC; - 31 units suitable for independent living; - Glenside submarket
    (804) 353-0009
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    7098 Fernwood St Richmond, VA 23228
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    Richmond, VA 23228
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    Realmo Value Estimation

    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.

    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.

    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
    7098 Fernwood St Richmond, VA 23228
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