[Assessed 121.9%] Apartment building in Akishima, Tokyo — 15 min from Akishima Sta.
Property Overview
| Location | Akishima, Tokyo |
| Nearest Station | JR Ome Line Akishima Sta. |
| Walk | 15 min walk |
| Assessed Ratio | 121.9%Assessed 121.9% |
| Price | ¥133,500,000 |
| Type | Apartment building |
| Expected Yield | 7.77% |
| Structure | Concrete block |
| Built | Built Sep 1977 (49 years old) |
| Land Area | 1,084.81㎡ |
| Building Area | 590.78㎡ |
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 | ¥133,500,000View listing |
| Rakumachi | ¥133,500,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥162,721,500 |
| Building assessed value | ¥0 |
| Total assessed value | ¥162,721,500 |
| Asking price | ¥133,500,000 |
| Assessed ratio | 121.9% |
Calculation basis
- Land = road price ¥150,000/m² × land area 1,084.81m²
- Building = replacement cost ¥220,000/m² × floor area 590.78m² × remaining life 0y ÷ statutory life 38y
- Built Sep 1977 (49 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +7.1%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 140,000 | — |
| 2025 | 140,000 | ±0.0% |
| 2026 | 150,000 | +7.1% |
※ 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 gives the address as "Miyazawa-cho" with no chome number, and Akishima has two districts of that name about a kilometre apart. Since the choice of price band changes the valuation substantially, we pinned down the location with three independent lines of evidence.
What We Could Not Confirm
- For the 5.0-metre private road at the frontage, confirm whether an ownership share is included and whether consent for passage and excavation has been obtained. Without consent, replacing water and drainage pipes or rebuilding can be obstructed.
- The buildings are concrete-block construction and the first predates the 1981 seismic code. Ask a lender about the seismic assessment and whether financing is available for this construction and age.
- The land area of 1,084.81 square metres comes from the registry with no survey. The sale is on a registry basis, so a discrepancy found at handover will not be adjusted.
- The total unit count is shown as "-" in the listing. Ask for documents confirming the number of units, current occupancy and the rent breakdown.
- Taking over the LP gas contract is a condition of sale. Confirm the terms of the contract and who owns the equipment.
※ 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 apartment building for sale, a 15-minute walk from Akishima Station on the JR Ome Line and equally 15 minutes from Nakagami Station. From Akishima, changing to the Chuo Line at Tachikawa puts Shinjuku about 50 minutes away. The site sits inside the Route 16 ring, which makes it one of the more accessible locations in the Tama area.
The striking feature is the land: 1,084.81 square metres, roughly 328 tsubo. Two two-storey concrete-block buildings with flat roofs stand on it, totalling 590.78 square metres of floor area. The first was completed in September 1977 and the second in December 1982, both beyond the 38-year statutory useful life for block construction, so our valuation assigns the buildings zero value. The 121.9% figure rests entirely on the land.
The National Tax Agency's 2026 roadside land price is 150,000 yen per square metre, putting the land alone at 162.72 million yen — about 29 million above the 133.5 million yen asking price. The "reference inheritance-tax roadside price of 140,000 yen" quoted by the seller is the 2025 figure; the 2026 edition has risen to 150,000 yen. The listing gives the address simply as "Miyazawa-cho" without a chome number, but Akishima has both a Miyazawa-cho without chome and Miyazawa-cho 1-3 chome about a kilometre apart, with different price levels. The coordinates embedded in the listing HTML, the location of the "Seisen Chugaku" bus stop named in the listing, and the seller's own reference price all pointed to 1-chome, so we valued it as such.
The cautions concern the buildings. They are concrete-block construction, and the first predates the 1981 seismic code. Both the seismic assessment and whether financing is available for this construction and age are worth raising with a lender in advance. The frontage is a 5.0-metre private road, but the listing says nothing about ownership shares or consent for passage and excavation. The land area is a registry figure with no survey, and the sale is on a registry basis, so any discrepancy found at handover will not be adjusted. Only two photos are provided; elevation data confirmed the site is flat with under a metre of variation, but a site visit is advisable.
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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