![[Assessed 85.9%] Condominium building in Chuo Ward, Sagamihara, Kanagawa — 6 min from Sagamihara Sta.](https://img.rakumachi.jp/c/property/IC6xkaLCOdeJAh6~2wNtUw__/118201208)
[Assessed 85.9%] Condominium building in Chuo Ward, Sagamihara, Kanagawa — 6 min from Sagamihara Sta.
Property Overview
| Location | Chuo Ward, Sagamihara, Kanagawa |
| Nearest Station | JR Yokohama Line Sagamihara Sta. |
| Walk | 6 min walk |
| Assessed Ratio | 85.9%Assessed 85.9% |
| Price | ¥168,000,000 |
| Type | Condominium building |
| Expected Yield | 5.7% |
| Structure | Reinforced concrete (RC) |
| Built | Built Mar 2002 (24 years old) |
| Land Area | 309.08㎡ |
| Building Area | 424.44㎡ |
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.
| Rakumachi | ¥168,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥75,724,600 |
| Building assessed value | ¥68,542,545 |
| Total assessed value | ¥144,267,145 |
| Asking price | ¥168,000,000 |
| Assessed ratio | 85.9% |
Calculation basis
- Land = road price ¥245,000/m² × land area 309.08m²
- Building = replacement cost ¥330,000/m² × floor area 424.44m² × remaining life 23y ÷ statutory life 47y
- Built Mar 2002 (24 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +16.7%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 210,000 | — |
| 2025 | 225,000 | +7.1% |
| 2026 | 245,000 | +8.9% |
※ 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 reprinting the listing, we checked the fiscal 2026 road price map and six listing photographs to verify the price band and the level differences around the site.
What We Could Not Confirm
- The sublease rent, revision clauses and termination terms are not stated in the listing and need to be checked in the contract.
- Current occupancy across the 13 units and the rent breakdown per unit are not given.
- There is no parking, so how tenant parking demand is handled needs confirmation with the seller.
- The street number is not disclosed, so the road price is taken conservatively from the station-side band of Sagamihara 2-chome. The actual frontage value needs confirmation once the site is pinpointed.
※ 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
A whole-building apartment block in Sagamihara 2-chome, Chuo Ward, Sagamihara, Kanagawa, a 6-minute walk from Sagamihara Station on the JR Yokohama Line. It sits in a neighbourhood commercial zone near the station with 80% building coverage and 300% floor area ratio, connecting to Yokohama and Shinjuku via Hashimoto and Machida.
The building is reinforced concrete, three storeys, 13 units, built in March 2002 and now 24 years old. The land is 309.08 sqm (registry) and the total floor area 424.44 sqm, split as 127.57 sqm on the first floor, 152.35 sqm on the second and 144.52 sqm on the third. The frontage is a single 5.0 m public road on the south-west side, with no private road burden stated. There is no parking.
The property is tenanted and sold with the tenants in place. Monthly rent is 799,000 yen, giving projected annual income of 9.588 million yen and a gross yield of 5.70%. Note that the first and second floor portions are under a sublease agreement (as of 31 August 2026). Sublease terms can change what an owner actually receives through rent-revision and termination clauses, so we recommend checking the contract.
On the valuation: the fiscal 2026 road price of 245,000 yen/sqm applied to 309.08 sqm gives a land value of 75.72 million yen. Against reinforced concrete's 47-year statutory life, 23 years remain, leaving 68.54 million yen of building value. The total of 144.27 million yen is 85.9% of the 168 million yen asking price, so both land and building contribute.
The road price rose from 210,000 yen/sqm in 2024 to 225,000 in 2025 and 245,000 in 2026, up 16.7% over three years, reflecting continued land price growth around Sagamihara Station. Local streets in Sagamihara 2-chome range from 225,000 to 265,000 yen/sqm; we take the conservative 245,000. Even at the district's lowest band of 225,000 the ratio is 82.2%, still above 80%.
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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