[Assessed 104%] Apartment building in Nakano, Tokyo — 7 min from Nogata Sta.
Property Overview
| Location | Nakano, Tokyo |
| Nearest Station | Seibu Shinjuku Line Nogata Sta. |
| Walk | 7 min walk |
| Assessed Ratio | 104%Assessed 104% |
| Price | ¥84,000,000 |
| Type | Apartment building |
| Expected Yield | 5.82% |
| Structure | Wooden |
| Built | Built Mar 2010 (16 years old) |
| Land Area | 180.66㎡ |
| Building Area | 161.06㎡ |
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 ratio | 104% |
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%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 380,000 | — |
| 2025 | 410,000 | +7.9% |
| 2026 | 430,000 | +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.
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
Neighborhood ② Dining Near the Station
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
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.

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