積算100
[Assessed 116.4%] Apartment building in Kanazawa Ward, Yokohama — 6 min from Nokendai Sta.
Assessed 116.4%Apartment buildingKanazawa Ward, Yokohama, KanagawaNokendai Sta. 6 min walk

[Assessed 116.4%] Apartment building in Kanazawa Ward, Yokohama — 6 min from Nokendai Sta.

Published: Aug 7, 2026Updated: Aug 15, 2026

Property Overview

LocationKanazawa Ward, Yokohama, Kanagawa
Nearest StationKeikyu Main Line Nokendai Sta.
Walk6 min walk
Assessed Ratio116.4%Assessed 116.4%
Price¥162,800,000
TypeApartment building
Expected Yield6%
StructureLight steel frame
BuiltBuilt Feb 1998 (28 years old)
Land Area806.5㎡
Building Area437.4㎡

Where This Property Is Listed

This property appears on the sites below. Listings matching on location, land area and building area are merged into a single article as the same property.

Rakumachi¥162,800,000View listing

Assessed Value Breakdown

Land assessed value¥189,527,500
Building assessed value¥0
Total assessed value¥189,527,500
Asking price¥162,800,000
Assessed ratio116.4%

Calculation basis

  • Land = road price ¥235,000/m² × land area 806.5m²
  • Building = replacement cost ¥220,000/m² × floor area 437.4m² × remaining life 0y ÷ statutory life 22y
  • Built Feb 1998 (28 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +6.8%
YearRoad price (JPY/m²)YoY
2024220,000
2025225,000+2.3%
2026235,000+4.4%

Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.

How We Checked This Property

Rather than reproducing the listing as-is, we calibrated the map to locate the exact block from the street address, and used the road price on the frontage side.

Locating the road price

We retrieved reference points for 15 blocks along Nokendai-dori from the Geospatial Information Authority's address API, calibrated the map coordinates by least squares and pinned the property's block on the sheet. Its western side faces a ¥205,000/m² north–south road and its southern side a ¥235,000/m² east–west road; since the listing states "public road, 6.50 m to the south", we used ¥235,000/m². Even at the western ¥205,000/m² the ratio is 101.6%.

View source
Building valuation assumptions

The listing describes the structure only as "steel", with no distinction between heavy and light gauge anywhere in the text, drawings or permit fields. Rather than guess, we used the conservative light-gauge assumption (22-year statutory life). At 28 years old the building exceeds that life, so its assessed value is zero and the 116.4% ratio is land only.

On-site check from photos

We examined three exterior photos and a site photo including the frontage road. The southern frontage is flat asphalt, a school route with green belts marked on both sides. The boundary is only a low brick planter of about 25 cm topped with a hedge, and the road and site sit at roughly the same level. The entrance is reached directly across a level paved approach with no steps.

Listing check

We first detected this property on another portal, but that listing carried only a floor plan and could not be assessed from photos, so it was held. We later found the same property listed elsewhere — matching location, land area, price, build date and unit count — and completed the assessment from three exterior photos.

What We Could Not Confirm

  • If the structure is heavy-gauge steel, the 34-year statutory life would leave 6 years remaining and add ¥23.15M of building value, taking the ratio to 130.6%. The listing does not establish the gauge.
  • Eight of the nine units are currently leased, so the building is not fully let.

Rather than reproducing the listing as-is, we verified the figures against public sources such as the official road price maps and the listing photos. This is not based on a site visit, so please confirm on site and with the seller before deciding.

Neighborhood ① Shopping Near the Station

Ito-Yokado Nokendai Store
5 min walk from the station

At 3-1 Nokendai-higashi. A 5-minute walk from Nokendai Station, open 10:00-21:00. A large store with 839 parking spaces.

Source

Neighborhood ② Dining Near the Station

Saizeriya Ito-Yokado Nokendai Store
5 min walk from the station

An Italian restaurant inside Ito-Yokado Nokendai.

Source
Poppo Ito-Yokado Nokendai Store
5 min walk from the station

A food court inside Ito-Yokado Nokendai.

Source

About This Property

A single-building property in Nokendai-dori, Kanazawa Ward, Yokohama, a 6-minute walk from Nokendai Station on the Keikyu Main Line. Ito-Yokado Nokendai is about 5 minutes' walk from the station, putting a large store with 839 parking spaces within the local orbit. Shinagawa is in the low 40 minutes on the Keikyu Main Line.

The building is steel-frame, three storeys, with nine units (2DK, 48.60 sqm each) and 437.40 sqm of total floor area, built in February 1998. The land is 806.50 sqm (registry) held in freehold. Eight of the nine units are occupied in an owner-change sale, with a full-occupancy yield of 6.00%. Photographs show the frontage road and the site at much the same level, with level paving up to the entrance and no stepped access or retaining wall.

The inheritance-tax roadside land value for the frontage is 235,000 yen/sqm. The land assesses at roughly 189.53 million yen, or 116.4% of the 162.80 million yen asking price. The roadside value has risen three years running from 220,000 yen in 2024 (up 6.8% in total). The listing does not state the gauge of the steel frame, so the building has conservatively been assessed at zero as light-gauge steel.

A single-building property close to the station where the land value exceeds the asking price. Please check the listing page for details.

Estimated Financing

Assessed value ¥189,527,500 → estimated loan ¥162,800,000 (100% of the asking price)

Actual loan availability, amounts and terms are subject to each bank's screening.

Suggested Lenders

静岡銀行
Regional bankLand-value focusedStrong with apartment buildingsGood with older buildings
本業年収700万円以上が検討対象。 相続税路線価から算出した「土地の積算」が60%以上出ていれば、基本的にフルローンとなる。 修正後バランスシートも重視しており、属性枠だけで終了する訳ではない為、可能な限り「土地」が高積算の物件を買い進めていきたい。
L&Fアセットファイナンス
Non-bank lenderLand-value focusedStrong with apartment buildingsGood with older buildings
土地値が出る築古系が得意。 属性はほぼ問わない。 どんなに担保評価が付いたとしても8割融資が目安。 建物の価値に対してはほぼ担保評価を付けてくれない為、新築や築浅の物件は要注意。 但し、建売の売れ残りや変形地等の場合は、土地が広くて担保評価が伸びたり、賃料が高くて収益還元評価が伸びたりして、思わずハマるケースがある。 また、産休中でも行けた、貴重な存在の金融機関である。
関西みらい銀行
Regional bankAssessed-value focusedStrong with apartment buildings
土地から新築OK。 築古過ぎず、好立地で積算割合が高く、キャッシュフローが回る物件であれば、検討対象となる。 産休中はNG。 築古過ぎる場合は、信用金庫・信用組合のセゾンファンデックス保証付の不動産担保ローンが適す。

General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.

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