[Assessed 127.6%] Apartment Building in Funabashi, Chiba — 9 min from Daijingushita Sta.

The frontage is a single public road to the south-west, about 2.7 m wide — under the 4 m threshold. Kenbiya's format displays a setback where one exists, but none is shown, so we cannot tell from the listing whether the road is designated under Article 42-2 or whether the building can be rebuilt. The listing records neither "cannot be rebuilt" nor a proviso road, but this is the first thing to confirm before buying.

Using the fact that the circled numbers on a road price map correspond to residential-display block numbers, we pinned the property to block 7 on sheet 06195. We geocoded the circled numbers for the neighbouring blocks 5, 6, 8 and 10 with the Geospatial Information Authority's address search and confirmed the relative positions match. The streets around block 7 are 250D to the north-west and 230D to the east and south, and we took the most common, JPY 230,000 per sqm.

The listing's remarks quote a road price of JPY 220,000 per sqm disclosed by the seller, and that matches the 2025 value for the same street exactly — confirming we have not mistaken the street. We use the latest 2026 value of JPY 230,000, and traced three years: 200D, 220D, 230D.

The building is reinforced concrete, built in April 1990, 36 years old. Under our standard (replacement cost JPY 330,000 per sqm, 47-year life) eleven years remain, so the building's assessed value is JPY 330,000 x 258.91 sqm x 11/47 = JPY 20.00 million. With the land at JPY 81.80 million the total is JPY 100.18 million.

Of the six images we examined three exteriors and one of the road in front. The site is flat, and the concrete parking slab runs into the asphalt of the road without a step. The decorative block wall and lattice fence on the boundary have level ground on both sides and retain no earth. The neighbouring plots to the west and east are at the same level, with no retaining wall or cut slope.