積算100
[Assessed 81.1%] Apartment Building in Zama, Kanagawa — 15 min from Zama Sta.
Assessed 81.1%Apartment buildingZama, KanagawaZama Sta. 15 min walk

[Assessed 81.1%] Apartment Building in Zama, Kanagawa — 15 min from Zama Sta.

Published: Aug 20, 2026Updated: Aug 20, 2026

Property Overview

LocationZama, Kanagawa
Nearest StationOdakyu Odawara Line Zama Sta.
Walk15 min walk
Assessed Ratio81.1%Assessed 81.1%
Price¥55,000,000
TypeApartment building
Expected Yield7.9%
StructureLight steel frame
BuiltBuilt Dec 1977 (48 years old)
Land Area356.82㎡
Building Area243.12㎡

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.

Kenbiya¥55,000,000View listing

Assessed Value Breakdown

Land assessed value¥44,602,500
Building assessed value¥0
Total assessed value¥44,602,500
Asking price¥55,000,000
Assessed ratio81.1%

Calculation basis

  • Land = road price ¥125,000/m² × land area 356.82m²
  • Building = replacement cost ¥220,000/m² × floor area 243.12m² × remaining life 0y ÷ statutory life 22y
  • Built Dec 1977 (48 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +4.2%
YearRoad price (JPY/m²)YoY
2024120,000
2025120,000±0.0%
2026125,000+4.2%

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

How We Checked This Property

The listing gave only the chome, so we started by pinning down the block number. From there we went to the 2026 road price map and elevation data to check the road price and the fall across the site.

Locating the road price

The listed address was "Tateno-dai" with no chome. Tateno-dai runs from 1-chome to 3-chome, and the road price band varies from JPY 105,000 to JPY 140,000 per sqm — close to double. Another site carrying the same property gave the address as "Tateno-dai 3-chome 26", which fixed the location.

Locating the road price

We measured on block 26 of sheet 80081. To identify the block we geocoded numbers 20, 21, 22, 26, 27 and 28 in Tateno-dai 3-chome with the Geospatial Information Authority's address search and matched them against the circled numbers on the map. Number 21, Tateno-dai Park, sits north of 26; 27 is directly south; 28 is west across a road; 22 is east — exactly as the map shows. The roads bounding block 26 to the west, north and south are all JPY 125,000 per sqm.

View source
On-site check from photos

There is a single exterior photograph, and at 281 x 213 pixels it is small. Along the road to the west there is a white-painted concrete block wall; counting the courses gives about four, roughly 0.8 m. Cars drive into the parking space at close to road level, so there is no stepped approach.

On-site check from photos

Since the photograph alone was not conclusive, we measured the height of the road and a point 7 m inside the site at 13 places using the Geospatial Information Authority's 1 m elevation data. Across the 16.4 m frontage the difference is 0.0 to 0.7 m, and 1.0 m at most if extended to the northern edge. The interior of the block is an almost flat plateau; a fall of more than a metre appears only more than 30 m east of the site.

Building valuation assumptions

The listings disagree on the structure. Kenbiya says reinforced concrete; three listings of the same property on another site all say light-gauge steel, and the exterior photograph looks like light-gauge steel cladding. We took the conservative reading — light-gauge steel, at a replacement cost of JPY 220,000 per sqm over a 22-year statutory life. At 48 years old, though, no years remain under either reading, so the building is assessed at zero whichever is correct.

What We Could Not Confirm

  • How the road price map is read matters here. One band lower, at JPY 120,000 per sqm, the figure is 77.9%; one band higher, at JPY 130,000, it is 84.3%. We confirmed on the map that no JPY 120,000 road bounds block 26, but this is a case to hold with some latitude.
  • There is only one low-resolution site photograph, and the eastern, northern and southern boundaries cannot be checked from it.
  • We put the fall between the road and the site at 0.7 to 0.9 m, but the photograph is low-resolution and the measurement is an estimate from elevation data. This is worth confirming on site.
  • The listings disagree on the structure — reinforced concrete versus light-gauge steel.
  • Income at full occupancy is quoted as JPY 4.345 million in one listing and JPY 4.428 million in another. The rent and contract terms for each unit are not broken down.

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

Lawson
13 min walk from the station

About 397 m from the site. A convenience store. Location confirmed on OpenStreetMap. OpenStreetMap has no branch name registered, so only the chain name is given.

Source
Food One
6 min walk from the station

About 448 m from the site. A supermarket. Location confirmed on OpenStreetMap.

Source

Neighborhood ② Dining Near the Station

Usagi
6 min walk from the station

About 623 m from the site. A Japanese restaurant. Location confirmed on OpenStreetMap.

Source

About This Property

An apartment building in Tateno-dai 3-chome, Zama, Kanagawa, a 15-minute walk from Zama Station on the Odakyu Odawara Line. A convenience store is about 397 m from the site, a supermarket about 448 m and a Japanese restaurant about 623 m.

Built in December 1977, it is a two-storey building of eight 2DK units (30.39 sqm each) with parking. The land is 356.82 sqm and the building 243.12 sqm, held freehold. It is sold tenanted: income at full occupancy is quoted between JPY 4.345 million and JPY 4.428 million depending on the listing, a gross yield of 7.90% to 8.05%. We have taken the lower figure, 7.90%. Zoning is Category 1 Low-Rise Exclusive Residential with a 50% building coverage ratio and a 100% floor area ratio; the frontage is a 6.1 m public road with a 16.4 m boundary to the west.

The listings disagree on the structure. Kenbiya says reinforced concrete; other listings say light-gauge steel, and the exterior photograph looks like light-gauge steel cladding. We have taken the conservative reading and calculated it as light-gauge steel.

The inheritance-tax road price on the frontage is JPY 125,000 per sqm. Land assessed at JPY 44.60 million with the 48-year-old building at zero, past its statutory life, gives 81.1% of the JPY 55 million asking price. One band lower on the road price brings that down to 77.9%, so how the map is read matters here.

Estimated Financing

Assessed value ¥44,602,500 → estimated loan ¥44,600,000 (81% 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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