積算100
[Assessed 104%] Apartment building in Nakano, Tokyo — 7 min from Nogata Sta.
Assessed 104%Apartment buildingNakano, TokyoNogata Sta. 7 min walk

[Assessed 104%] Apartment building in Nakano, Tokyo — 7 min from Nogata Sta.

Published: Aug 22, 2026Updated: Aug 22, 2026

Property Overview

LocationNakano, Tokyo
Nearest StationSeibu Shinjuku Line Nogata Sta.
Walk7 min walk
Assessed Ratio104%Assessed 104%
Price¥84,000,000
TypeApartment building
Expected Yield5.82%
StructureWooden
BuiltBuilt Mar 2010 (16 years old)
Land Area180.66㎡
Building Area161.06㎡

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¥84,000,000View listing

Assessed Value Breakdown

Land assessed value¥77,683,800
Building assessed value¥9,663,600
Total assessed value¥87,347,400
Asking price¥84,000,000
Assessed ratio104%

Calculation basis

  • Land = road price ¥430,000/m² × land area 180.66m²
  • Building = replacement cost ¥220,000/m² × floor area 161.06m² × remaining life 6y ÷ statutory life 22y
  • Built Mar 2010 (16 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +13.2%
YearRoad price (JPY/m²)YoY
2024380,000
2025410,000+7.9%
2026430,000+4.9%

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

How We Checked This Property

The road-access information is missing. Because the retaining height of the boundary wall sat close to the one-metre threshold, we also set out how we measured it.

Rights and restrictions

The road-access field in the listing is blank, so the width and classification of the road in front are unknown. Five properties with incomplete road-access information have previously been declined for publication on this site, and all five had assessed ratios above 100 percent.

On-site check from photos

Whether the boundary wall retains more than a metre was the deciding question. Comparing the wall against a fence at the same distance in an overhead shot gives a ratio of 0.50 to 0.56; even taking the fence at 1.5 metres puts the wall at 0.84 metres. Official 1-metre survey data also shows the area flat at 34.3 to 34.8 metres.

Building valuation assumptions

Built in March 2010, the wooden building retains six of its 22 statutory years, giving a building value of 9.66 million yen — 11.1 percent of the total assessment. On land alone the assessed ratio would be 92.5 percent.

Locating the road price

We used the fiscal 2026 road price map (sheet 41025). Nogata 2-chome spans four sheets and we checked them all. We fixed the location from the coordinates in the listing data and took 430,000 yen, the most common figure among 23 residential streets. Even at the town's lowest, 370,000 yen, the ratio is 91.1 percent.

View source
Listing check

The listing page carried twelve image URLs, but only three are photographs of this property; the other nine are thumbnails of other listings by the same agency. We confirmed this by matching against the image array in the property data.

What We Could Not Confirm

  • The road-access field is blank. Without the width and classification of the road in front, whether rebuilding is permitted needs confirming. Five properties with the same gap have previously been declined.
  • We put the retaining height of the boundary wall at no more than 0.9 metres, close to the one-metre threshold. If a site visit shows it exceeds a metre, the judgement changes.
  • The 5.82 percent yield is a projection. The listing gives no occupancy figures, vacancy count or rent breakdown for the four units.
  • The layout field is blank and the listing gives no floor area for the individual units.
  • This is a direct sale by the developer, a LeoNext (Leopalace21) apartment block. Whether a sublease contract is in place, and on what terms, needs confirming.

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

7-Eleven
3 min walk from the station

About 151 m from the property. A convenience store. Location verified on OpenStreetMap. OpenStreetMap has no branch name registered, so only the chain name is given.

Source
Marusho
2 min walk from the station

About 212 m from the property. A grocery supermarket. Location verified on OpenStreetMap.

Source
FamilyMart
2 min walk from the station

About 244 m from the property. A convenience store. Location verified on OpenStreetMap. OpenStreetMap has no branch name registered, so only the chain name is given.

Source

Neighborhood ② Dining Near the Station

Hanamizuki
3 min walk from the station

About 147 m from the property. A soba and udon restaurant. Location verified on OpenStreetMap.

Source
Cicciobello
2 min walk from the station

About 190 m from the property. An Italian restaurant. Location verified on OpenStreetMap.

Source
Jagura
2 min walk from the station

About 193 m from the property. A ramen restaurant. Location verified on OpenStreetMap.

Source

About This Property

An apartment block in Nogata 2-chome, Nakano Ward, Tokyo, a 7-minute walk from Nogata Station on the Seibu Shinjuku Line. A convenience store sits about 151 metres from the property and a grocery supermarket about 212 metres.

The land measures 180.66 sqm and the building 161.06 sqm — two-storey wooden construction with four units, built in March 2010. Tenure is freehold and the land is registered as residential; zoning is Category 1 Low-Rise Exclusive Residential with a 60 percent building coverage ratio and a 150 percent floor area ratio. It is tenanted and sold with the tenancies in place; the listing gives a projected gross yield of 5.82 percent and projected annual rent of 4.893 million yen.

Applying the fiscal 2026 inheritance-tax road price of 430,000 yen per sqm to the 180.66 sqm plot gives a land value of 77.68 million yen. Against a 22-year statutory life for wooden construction, the building at 16 years and 6 months retains 9.66 million yen, for a combined 87.35 million yen. Against the 84 million yen asking price the assessed ratio is 104.0 percent. The road price has risen 13.2 percent over three years, from 380,000 to 430,000 yen. The leasehold ratio symbol is C, or 70 percent.

The road-access field in the listing is blank, so the width and classification of the road in front are unknown. Five properties with incomplete road-access information have previously been declined for publication on this site. The research section below sets out what we were able to verify.

Estimated Financing

Assessed value ¥87,347,400 → estimated loan ¥84,000,000 (100% of the asking price)

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

Suggested Lenders

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。
滋賀銀行
Regional bankAssessed-value focusedStrong with apartment buildings
土地から新築OK。 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。 但し、産休中はNG。
スルガ銀行
Regional bankBorrower-profile focusedStrong with apartment buildings
富豪向け。 金融資産3000万円以上が検討対象。 行けるなら8割融資や9割融資が狙える。 金利は2%台、融資期間は35年。

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

Ask About This PropertyWe offer purchase consultation, brokerage and consulting services.
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