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    Property profile & analytics

    2616 Lochaven Blvd Richmond, VA 23234

    • Residential income homes
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-1503597
    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

    • Residential income homes

    Property Details for 2616 Lochaven Blvd

    Year built
    1930
    Property type
    Residential income homes

    Description

    This exceptional 10-home single-family rental portfolio in Richmond, VA presents a compelling investment opportunity. Comprising 12,598 square feet of net rentable space across ten buildings, this Class A portfolio boasts 100% occupancy and a stabilized income stream. Built and/or renovated between 1930 and 2022 (major renovations 2019-2022), the properties feature updated roofs, heat pumps, kitchens, and bathrooms. The portfolio generates a gross monthly rent of $11,880, with all leases extending to year-end, offering potential for future rent increases. The properties are located at various addresses in and around Richmond, including 2616 Lochaven Blvd, 2610 Lochaven Blvd, and others. This turnkey investment offers low maintenance costs due to recent renovations and the replacement of all major systems. The asking price for this high-performing portfolio is $1,670,000. This is a rare opportunity to acquire a well-maintained, high-occupancy rental portfolio in a desirable location. All properties are currently occupied.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.446514912045
    Latitude
    37.481957399912

    Comparable in this City

    • New
      $255,000
      Pending

      North Chesterfield Multifamily Property

      Multifamily property in North Chesterfield, Virginia, with 1607 square feet.
      2842 Goolsby Ave, North Chesterfield, VA 23234
      View Details
    • $650,000
      2.35 Acres

      Richmond Retail Land Opportunity

      2.347 acres, prime retail location, $650,000
      2600 Dundas Rd, Richmond, VA 23234
      View Details
    • Contact for pricing

      Land on Cogbill Road

      Commercial land with frontage on Iron Bridge and Cogbill Roads.
      5326-5400 Cogbill Rd, North Chesterfield, VA 23234
      View Details
    • Contact for pricing

      4.5 Acre Commercial Outparcel

      4.5 acre commercial land with high visibility and access.
      6767 Iron Bridge Rd, Richmond, VA 23234
      View Details
    • $45,000
      0.20 Acres

      Richmond, VA Building Lot

      Building lot priced below assessment in Richmond, Virginia.
      3106 Hopkins Rd, Richmond, VA 23234
      View Details
    • Contact for pricing
      2.00 Acres

      Falling Creek Station Land

      High-traffic Richmond commercial land.
      2500 Jefferson Davis Hwy, Richmond, VA 23234
      View Details

    Similar Nearby for Sale

    • New
      $255,000
      Pending

      North Chesterfield Multifamily Property

      Multifamily property in North Chesterfield, Virginia, with 1607 square feet.
      2842 Goolsby Ave, North Chesterfield, VA 23234
      View Details
    • $650,000
      2.35 Acres

      Richmond Retail Land Opportunity

      2.347 acres, prime retail location, $650,000
      2600 Dundas Rd, Richmond, VA 23234
      View Details
    • Contact for pricing

      Land on Cogbill Road

      Commercial land with frontage on Iron Bridge and Cogbill Roads.
      5326-5400 Cogbill Rd, North Chesterfield, VA 23234
      View Details
    • Contact for pricing

      4.5 Acre Commercial Outparcel

      4.5 acre commercial land with high visibility and access.
      6767 Iron Bridge Rd, Richmond, VA 23234
      View Details
    • $45,000
      0.20 Acres

      Richmond, VA Building Lot

      Building lot priced below assessment in Richmond, Virginia.
      3106 Hopkins Rd, Richmond, VA 23234
      View Details
    • Contact for pricing
      2.00 Acres

      Falling Creek Station Land

      High-traffic Richmond commercial land.
      2500 Jefferson Davis Hwy, Richmond, VA 23234
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,675 SF

      Former Grocery Store Available

      43,657 SF former grocery store in excellent condition.
      5201 Chippenham Crossing Ctr, Richmond, VA 23234
      View Details
    • Contact for pricing

      Richmond Commercial Land Opportunity

      2.14 Acres, Zoned for Corporate Office
      4812 Ridgedale Pkwy, Richmond, VA 23234
      View Details
    • Contact for pricing
      26,666 SF

      Richmond Flex Space with I-95 Frontage

      26,666 SF flex space with I-95 visibility.
      5200 Commerce Rd, Richmond, VA 23234
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space For Lease

      1,600 SF retail space with national co-tenants.
      3950-4126 Meadowdale Blvd, Richmond, VA 23234
      View Details
    • $8 SF/Yr
      15,150 SF

      Richmond Flex Space For Lease

      12,000 SF Flex Space Available
      2930-2954 Bells Rd, Richmond, VA 23234
      View Details
    • Contact for pricing

      Secured Land for Lease

      7-11.5 acres of secured, fenced, and lit yard space.
      4717-4743 Jefferson Davis Hwy, Richmond, VA 23234
      View Details
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    2616 Lochaven Blvd
    Richmond, VA 23234
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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
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