積算100
[Assessed 87%] Apartment building in Nerima Ward, Tokyo — 11 min from Nerima-Takanodai Sta.
Assessed 87%Apartment buildingNerima Ward, TokyoNerima-Takanodai Sta. 11 min walk

[Assessed 87%] Apartment building in Nerima Ward, Tokyo — 11 min from Nerima-Takanodai Sta.

Published: Sep 12, 2026Updated: Sep 12, 2026

Property Overview

LocationNerima Ward, Tokyo
Nearest StationSeibu Ikebukuro Line Nerima-Takanodai Sta.
Walk11 min walk
Assessed Ratio87%Assessed 87%
Price¥105,000,000
TypeApartment building
Expected Yield6.21%
StructureWooden
BuiltBuilt Feb 1983 (43 years old)
Land Area290.98㎡
Building Area261.7㎡

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¥105,000,000View listing

Assessed Value Breakdown

Land assessed value¥91,343,000
Building assessed value¥0
Total assessed value¥91,343,000
Asking price¥105,000,000
Assessed ratio87%

Calculation basis

  • Land assessed value was entered manually by the operator.
  • Building = replacement cost ¥220,000/m² × floor area 261.7m² × remaining life 0y ÷ statutory life 22y
  • Built Feb 1983 (43 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +12.9%
YearRoad price (JPY/m²)YoY
2024310,000
2025330,000+6.5%
2026350,000+6.1%

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 simply reproducing the listing, we examined four fiscal 2026 inheritance-tax road price map sheets, the listing photograph and national elevation data to verify the figures. We also record why we treated the site as a flag-pole lot and deducted the pole portion.

Effective land area

Against the listed 290.98 square meters (registry), the site fronts a road for only 3.0 meters on the southeast and 0.9 meters on the northwest. Given the imbalance between site size and frontage we judged this a flag-pole lot, deducted 30 square meters as an estimate for the pole (3 meters by 10 meters) and valued the property on an effective 260.98 square meters. The actual dimensions of the pole are not stated and no plot plan or survey drawing is attached, so this is an estimate. Without the deduction the ratio would be 97.0 percent, so the deduction does not change the 80 percent determination. The private road burden of 603.10 square meters carries a 1/11 co-ownership share; because the share is expressed as a fraction we read the road as a separate parcel and did not deduct it (the share corresponds to roughly 54.8 square meters).

Locating the road price

Working from the fiscal 2026 road price map (sheet 48072), we collected every block street in Fujimidai 4-chome across four sheets. In blocks 1 to 9 the most common figure was 350,000 yen per square meter and in blocks 11 to 23 it was 340,000 yen, with 350,000 yen the mode for the district as a whole. The site fronts a 3.8-meter designated-position private road carrying no road price, so we borrowed the nearest priced street at 350,000 yen. The adjacent 380,000 yen band would give 94.4 percent and the lowest band in the district, 330,000 yen, would give 82.0 percent, so the choice does not change the conclusion. We excluded the arterial, symbol-marked sections along Kanpachi-dori at 430,000 yen and the 400,000 to 410,000 yen bands in Fujimidai 3-chome. The three-year figures of 310,000, 330,000 and 350,000 yen were all read from sheet 48072, tracking the same street after visually confirming that the block layout was identical in each year.

View source
Rights and restrictions

The site fronts a 3.8-meter designated-position private road on the southeast for 3.0 meters and a 3.9-meter private road on the northwest for 0.9 meters. The northwest frontage does not meet the 2-meter access requirement, so access is effectively from the southeast road alone. The on-site passage for this multi-unit building is exactly 3.0 meters with no margin. Article 5 of the Tokyo Metropolitan Building Safety Ordinance covers row houses of ten or more units or 300 square meters or more, so this property at eight units and 261.7 square meters falls outside it. The listing remarks consist of only two lines giving the yield and projected rental income, with no mention of rebuilding restrictions, encroachment, missing building confirmation, cliff ordinances, retaining walls, level differences or terraced construction. The building coverage and floor area ratio fields are blank.

On-site check from photos

The listing carries only one exterior photograph and none showing the frontage road alone. Reducing the 640 by 466 original and then enlarging the ground line twofold, the building sits level with the paved frontage, the foundation stem wall stands about 0.35 meters and the planter kerb about 0.15 to 0.20 meters. The gate posts and mesh fence on the left are a boundary fence with the same ground level on both sides and retain no earth. No retaining wall, no level difference of 1 meter or more at the access, no stepped access and no slope face were found, and every retained height observable is under 0.2 meters, cross-checked against the stem wall, the block kerb and the first-floor window sill height. As reinforcement we sampled the Geospatial Information Authority 1-meter LiDAR elevation data on a 5-by-5 grid extending 30 meters in each direction from the site centre, obtaining 41.1 to 43.0 meters, about 1.9 meters over 60 meters or a gradient of roughly 3 percent, consistent with the listing describing the terrain as flat. The rear of the building and part of the neighboring boundaries do not appear in the photograph and remain unverified.

Building valuation assumptions

The building is a two-story wood-frame structure with eight units, built in February 1983 and now 43 years old. The statutory life for wood-frame construction is 22 years, so the building exceeds it and we value it at zero. The building is named Corp Fujimidai and is currently tenanted, sold as an owner change.

Listing check

We confirmed the location by passing the latitude and longitude in the listing JSON to the Geospatial Information Authority reverse geocoder, which returned Fujimidai 4-chome, Nerima Ward, and by checking that the measured 773 meters to the Nerima-Takanodai station police box is consistent with the listed 11-minute walk. Note that the city, town and lot-number fields in the same JSON hold the listing agent's own address (Fujimidai 2-18-5), not the property address, so we did not use those fields as the location.

What We Could Not Confirm

  • The actual dimensions of the pole portion of this flag-pole lot are not stated in the listing, and no plot plan or survey drawing is attached. The 30 square meters we deducted is an estimate. Without the deduction the ratio would be 97.0 percent.
  • Access is effectively limited to the 3.0-meter frontage on the 3.8-meter private road to the southeast; the 0.9-meter frontage on the northwest does not meet the 2-meter requirement. The listing does not state whether a share in the designated-position road or consent for passage and excavation is included.
  • With only one exterior photograph and none of the frontage road alone, we could not verify whether retaining walls, level differences or slope faces exist at the rear of the building or along part of the neighboring boundaries. Nor can a single photograph settle whether the building is terraced.
  • The on-site passage for this multi-unit building is exactly 3.0 meters with no margin. The building coverage and floor area ratio fields are also blank, so the permissible scale on rebuilding requires confirmation with the local authority.
  • The property is tenanted and sold as an owner change, but the listing gives no rent breakdown by unit, contract terms or occupancy status. The address is published only to the district level, without a parcel number.

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 (near Fujimidai 4-chome)
3 min walk from the station

A convenience store about 220 meters in a straight line from the property coordinates, located via OpenStreetMap.

Source
FamilyMart (near Fujimidai)
6 min walk from the station

A convenience store about 432 meters in a straight line from the property coordinates, located via OpenStreetMap.

Source
Seiyu (near Nerima-Takanodai Station)
8 min walk from the station

A supermarket about 575 meters in a straight line from the property coordinates, located via OpenStreetMap.

Source

Neighborhood ② Dining Near the Station

Sushi Gin
6 min walk from the station

A restaurant about 448 meters in a straight line from the property coordinates, located via OpenStreetMap.

Source
Kisoji (near Nerima-Takanodai)
8 min walk from the station

A restaurant about 577 meters in a straight line from the property coordinates, located via OpenStreetMap.

Source

About This Property

This is an apartment building for sale in Fujimidai 4-chome, Nerima Ward, an 11-minute walk from Nerima-Takanodai Station on the Seibu Ikebukuro Line. The building is named Corp Fujimidai, a two-story wood-frame structure with eight units. Ikebukuro is about 15 minutes away, and the surrounding area spans a Category 1 Residential Zone and a Category 1 Exclusively Low-rise Residential Zone.

We begin with how we treated the land area. The listing gives 290.98 square meters (registry), yet the site fronts a road for only 3.0 meters on the southeast and 0.9 meters on the northwest. That frontage is extremely short for a site of this size, so we judged it to be a flag-pole lot. We therefore deducted 30 square meters as an estimate for the pole portion, 3 meters wide by 10 meters deep, and valued the property on an effective 260.98 square meters. The actual dimensions of the pole are not stated in the listing and no plot plan or survey drawing is attached, so this 30 square meters is an estimate. Without the deduction the ratio would be 97.0 percent, so the result stays above 80 percent either way.

The second land-area point is the private road burden. The listing states 603.10 square meters with a 1/11 co-ownership share. Where the share is expressed as a fraction, the private road can be read as existing as a separate parcel, so we did not deduct it from the land area. The share corresponds to roughly 54.8 square meters.

The price is 105 million yen, total floor area is 261.7 square meters, and the building dates from February 1983, making it 43 years old. It is currently tenanted and sold as an owner change, with a listed gross yield of 6.21 percent and annual projected rental income of 6.528 million yen. At 43 years the wood-frame building is valued at zero, so this valuation reflects land value alone.

We adopted a fiscal 2026 road price of 350,000 yen per square meter. Collecting every block street in Fujimidai 4-chome across four road price map sheets, 350,000 yen was the most common figure in blocks 1 to 9 and 340,000 yen in blocks 11 to 23, with 350,000 yen the mode for the district as a whole. The site fronts a 3.8-meter designated-position private road that carries no road price, so we borrowed the nearest priced street at 350,000 yen. Taking the adjacent 380,000 yen band would give 94.4 percent, and the lowest band in the district, 330,000 yen, would still give 82.0 percent, so the choice of band does not change the conclusion. We excluded the arterial, symbol-marked sections along Kanpachi-dori at 430,000 yen and the 400,000 to 410,000 yen bands in Fujimidai 3-chome, as they differ in character and district. The three-year trend is 310,000 yen in 2024, 330,000 in 2025 and 350,000 in 2026, a rise of 12.9 percent.

Several points warrant confirmation. The site fronts a 3.8-meter designated-position private road on the southeast for 3.0 meters and a 3.9-meter private road on the northwest for 0.9 meters; the northwest frontage does not meet the 2-meter access requirement, so access is effectively from the southeast road alone. The on-site passage for this multi-unit building is exactly 3.0 meters with no margin, which is worth noting alongside the eight-unit count. Article 5 of the Tokyo Metropolitan Building Safety Ordinance applies to buildings of ten or more units or 300 square meters or more, so this property at eight units and 261.7 square meters falls outside it. The listing also carries only one exterior photograph and none of the frontage road alone, leaving the rear of the building and part of the neighboring boundaries unverified, and the building coverage and floor area ratio fields are blank.

Estimated Financing

Assessed value ¥91,343,000 → estimated loan ¥91,340,000 (87% of the asking price)

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

Suggested Lenders

静岡銀行
Regional bankLand-value focusedStrong with apartment buildingsGood with older buildings
本業年収700万円以上が検討対象。 相続税路線価から算出した「土地の積算」が60%以上出ていれば、基本的にフルローンとなる。 修正後バランスシートも重視しており、属性枠だけで終了する訳ではない為、可能な限り「土地」が高積算の物件を買い進めていきたい。
L&Fアセットファイナンス
Non-bank lenderLand-value focusedStrong with apartment buildingsGood with older buildings
土地値が出る築古系が得意。 属性はほぼ問わない。 どんなに担保評価が付いたとしても8割融資が目安。 建物の価値に対してはほぼ担保評価を付けてくれない為、新築や築浅の物件は要注意。 但し、建売の売れ残りや変形地等の場合は、土地が広くて担保評価が伸びたり、賃料が高くて収益還元評価が伸びたりして、思わずハマるケースがある。 また、産休中でも行けた、貴重な存在の金融機関である。
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。

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

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