![[Assessed 89.6%] Apartment building in Hino, Tokyo — 11 min from Koshu-Kaido Sta.](https://img.rakumachi.jp/c/property/~fN5vtmbXoQ1BfjzyVmS8w__/118186473)
[Assessed 89.6%] Apartment building in Hino, Tokyo — 11 min from Koshu-Kaido Sta.
Property Overview
| Location | Hino, Tokyo |
| Nearest Station | Tama Toshi Monorail Koshu-Kaido Sta. |
| Walk | 11 min walk |
| Assessed Ratio | 89.6%Assessed 89.6% |
| Price | ¥199,800,000 |
| Type | Apartment building |
| Expected Yield | 7.36% |
| Structure | Heavy steel frame |
| Built | Built Jun 1995 (31 years old) |
| Land Area | 1,050.59㎡ |
| Building Area | 807.78㎡ |
Assessed Value Breakdown
| Land assessed value | ¥157,588,500 |
| Building assessed value | ¥21,382,412 |
| Total assessed value | ¥178,970,912 |
| Asking price | ¥199,800,000 |
| Assessed ratio | 89.6% |
Calculation basis
- Land = road price ¥150,000/m² × land area 1,050.59m²
- Building = replacement cost ¥300,000/m² × floor area 807.78m² × remaining life 3y ÷ statutory life 34y
- Built Jun 1995 (31 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +15.4%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 130,000 | — |
| 2025 | 135,000 | +3.8% |
| 2026 | 150,000 | +11.1% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
With no lot number in the listing and its coordinates pointing to the district centroid, we recovered the lot number from the same property on another site and calibrated its position on the 2026 tax map.
What We Could Not Confirm
- The structure is stated differently across listings (steel vs. reinforced concrete), and heavy- vs. light-gauge steel is unconfirmed. The building certificate should be checked.
- The 1,050.59 sqm figure is from the public register; any difference from a survey is unverified.
- The property is tenanted, but the listing gives no breakdown of rents, lease terms or vacancies.
- Built June 1995, now 31 years old. Beyond the 2017 exterior work, the repair history and future major works are not stated.
- The seller's advertised "78% land value" rests on different assumptions than ours, and its basis is not disclosed.
※ 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
The listings disagree on the building structure. Rakumachi says steel frame; Kenbiya says reinforced concrete. We could not settle this from the listings alone, so we valued it as heavy steel (34-year statutory life) based on the three-storey, twelve-unit scale. If it were light-gauge steel, the building would value at zero at 31 years old and the assessed ratio would fall to 78.9% (land only). Reinforced concrete would push it higher. The structure needs checking against the building certificate.
Two stations serve the property: Koshu-Kaido on the Tama Toshi Monorail (11 min walk) and Hino on the JR Chuo Main Line (23 min). The listing gave no lot number, but the same property on Kenbiya disclosed one, and that location matches both walking times.
A three-storey building of 807.78 sqm sits on 1,050.59 sqm of land, with six 2LDK and six 3LDK units of 63.18 sqm each. Built June 1995 (31 years old), exterior repairs in 2017, 23 parking spaces. Currently tenanted; the listing shows a 7.36% gross yield. Freehold, fronting a 4.0 m public road to the north, with no private-road burden noted.
We read the land price from the 2026 tax map (sheet 61024), following the road on the north side: 150,000 yen/sqm. The band here runs 135,000-165,000; even at the lowest the ratio stays at 81.7%, above our 80% threshold. The price rose 15.4% over three years.
The seller's listing title advertises "78% land value," which rests on different assumptions than ours. By our method the land alone comes to 78.9%, and 89.58% with the building. No cliff-ordinance, retaining-wall or rebuild restrictions appear in the listing.
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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