積算100
[Assessed 90.8%] Apartment building in Kashiwa, Chiba — 10 min from Kashiwa Sta.
Assessed 90.8%Apartment buildingKashiwa, ChibaKashiwa Sta. 10 min walk

[Assessed 90.8%] Apartment building in Kashiwa, Chiba — 10 min from Kashiwa Sta.

Published: Aug 9, 2026Updated: Aug 27, 2026

Property Overview

LocationKashiwa, Chiba
Nearest StationJR Joban Line Kashiwa Sta.
Walk10 min walk
Assessed Ratio90.8%Assessed 90.8%
Price¥40,000,000
TypeApartment building
Expected Yield5.85%
StructureHeavy steel frame
BuiltBuilt Sep 1983 (43 years old)
Land Area165㎡
Building Area250.69㎡

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.

athome¥40,000,000View listing

Assessed Value Breakdown

Land assessed value¥36,300,000
Building assessed value¥0
Total assessed value¥36,300,000
Asking price¥40,000,000
Assessed ratio90.8%

Calculation basis

  • Land = road price ¥220,000/m² × land area 165m²
  • Building = replacement cost ¥300,000/m² × floor area 250.69m² × remaining life 0y ÷ statutory life 34y
  • Built Sep 1983 (43 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +15.8%
YearRoad price (JPY/m²)YoY
2024190,000
2025205,000+7.9%
2026220,000+7.3%

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 position on the road price map from coordinates in the listing HTML and enlarged the exterior photo to 600 dpi to check the approach.

Locating the road price

Calibrating the property coordinates in the listing HTML against official block coordinates places the site around blocks 11–12 of Akehara 4-chome. Nearly all surrounding block streets read ¥220,000/m², which we used; even the adjacent ¥225,000/m² gives a 92.8% ratio.

View source
Building valuation assumptions

The listing states only "steel" without the gauge, but at 42 years the building exceeds the statutory life of either light (22 years) or heavy (34 years) gauge, so its assessed value is zero either way and the conclusion is unaffected.

On-site check from photos

We enlarged the exterior photo to 600 dpi down to the foundation line. The 6.0 m public road to the south and the site are essentially flush, with only a kerb and a single step in front of the shop shutter. The staircase in frame is the building's external stair to the upper floors, not a stepped approach. With 10.2 m of frontage, this is not a flagpole plot.

Rights and restrictions

The ground floor is a shop (a manipulative therapy clinic), making this a mixed-use apartment building. The zoning is Category I mid-high-rise exclusive residential, so the legality of the shop use — floor area and business-type limits — is a point to confirm.

What We Could Not Confirm

  • We recommend confirming the terms of the ground-floor shop lease and whether the property fits residential financing categories.
  • There is no parking. Ten minutes on foot from Kashiwa Station, the impact looks limited, but current occupancy should be confirmed.

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

Kashiwa Takashimaya Station Mall
1 min walk from the station

At 3-16 Suehirocho, Kashiwa City. A retail complex directly connected to Kashiwa Station.

Source
OK Kashiwa Takashimaya Station Mall Store
1 min walk from the station

A discount supermarket inside Kashiwa Takashimaya Station Mall, open 8:30-21:30.

Source
Seijo Ishii Kashiwa Takashimaya Station Mall Store
1 min walk from the station

A food supermarket inside Kashiwa Takashimaya Station Mall.

Source

Neighborhood ② Dining Near the Station

日本亭
3 min walk from the station

About 173 m from the centre of the district. A fast-food restaurant. Location confirmed on OpenStreetMap.

Source
大村庵
4 min walk from the station

About 247 m from the centre of the district. A fast-food restaurant. Location confirmed on OpenStreetMap.

Source

About This Property

An apartment building a 10-minute walk from Kashiwa Station, served by both the JR Joban Line and the Tobu Noda Line. Kashiwa Takashimaya Station Mall, directly connected to the station, houses an OK supermarket (8:30-21:30) and a Seijo Ishii, so daily shopping fits into the commute. Ueno is about 30 minutes away on the Joban Line rapid service.

The building is steel-frame, three storeys, with six units (3DK each) and 250.69 sqm of usable floor area, built in September 1983. The ground floor is a shuttered shop occupied by a massage clinic, making this a shop-and-residence building. The land is 165 sqm (registry) held in freehold, with 10.2 m of frontage onto a 6 m public road to the south. Photographs show the frontage road and the site at much the same level, with no retaining wall, slope or stepped access from the road.

The inheritance-tax roadside land value is 220,000 yen/sqm. At 42 years old the steel-frame building is past its statutory useful life, so the building assesses at zero and the land alone gives 36.30 million yen, or 90.8% of the 40 million yen asking price. The roadside value has risen three years running from 190,000 yen in 2024 (up 15.8% in total).

Ten minutes' walk from Kashiwa Station, with land value at 90% of the price. Please review the research notes below.

Estimated Financing

Assessed value ¥36,300,000 → estimated loan ¥36,300,000 (91% 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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