![[Assessed 81.8%] Condominium building in Adachi Ward, Tokyo — 9 min from Nishiarai-daishi-nishi Sta.](https://img.rakumachi.jp/c/property/7pBRxlWzDyGQA2z5cGDKHg__/118716360)
[Assessed 81.8%] Condominium building in Adachi Ward, Tokyo — 9 min from Nishiarai-daishi-nishi Sta.
Property Overview
| Location | Adachi Ward, Tokyo |
| Nearest Station | Nippori-Toneri Liner Nishiarai-daishi-nishi Sta. |
| Walk | 9 min walk |
| Assessed Ratio | 81.8%Assessed 81.8% |
| Price | ¥175,000,000 |
| Type | Condominium building |
| Expected Yield | 6.01% |
| Structure | Reinforced concrete (RC) |
| Built | Built Feb 2000 (26 years old) |
| Land Area | 320.55㎡ |
| Building Area | 416.73㎡ |
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 | ¥175,000,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥81,740,250 |
| Building assessed value | ¥61,445,509 |
| Total assessed value | ¥143,185,759 |
| Asking price | ¥175,000,000 |
| Assessed ratio | 81.8% |
Calculation basis
- Land = road price ¥255,000/m² × land area 320.55m²
- Building = replacement cost ¥330,000/m² × floor area 416.73m² × remaining life 21y ÷ statutory life 47y
- Built Feb 2000 (26 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +10.9%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 230,000 | — |
| 2025 | 245,000 | +6.5% |
| 2026 | 255,000 | +4.1% |
※ 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 reposting the listing as is, we checked the withheld chome and the basis for each figure against the fiscal 2026 road price map, the listing photos and the coordinates given in the listing.
What We Could Not Confirm
- The front road is a 3.86 m public road, short of 4 m. The listing does not say whether a setback is required or how much land it would take.
- Because the chome and lot number are withheld, the road price of the street the property faces has not been identified. If it faces a 245,000 yen/m² street, the assessed ratio would be 79.99%, below 80%.
- The listing does not say whether the built-in garage is included in the 416.73 m² floor area. If it is, valuing the building without the garage would bring the ratio to about 79%.
- The rear boundary does not appear in the photos, so any level difference there has not been checked. Distances to nearby places are straight-line distances from the listing coordinates, taken from OpenStreetMap because the listing gives none.
※ 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 front road is a public road only 3.86 m wide, short of 4 m. The listing does not mention a setback, so whether one is required has not been confirmed. The address is given only as "Nishiarai, Adachi Ward" with the chome withheld, so the road price is a representative value taken from the local streets of the district. If the property actually faces a street with a lower road price, the assessed ratio could fall below 80%.
This is a whole apartment building in Nishiarai, Adachi Ward, Tokyo. Nishiarai-daishi-nishi Station on the Nippori-Toneri Liner and Daishimae Station on the Tobu Daishi Line are both a 9-minute walk away. A Life supermarket is about 400 m and a family restaurant about 500 m in a straight line from the coordinates in the listing (these distances are from the listing coordinates, not from the exact site).
The asking price is 175 million yen. The building is a three-story reinforced concrete structure completed in February 2000 with 8 units (one 1DK and seven 2DK, 40.89–46.28 m² each) and a total floor area of 416.73 m². The ground floor has a built-in garage with 3 parking spaces. The land is 320.55 m² (registered), freehold, in a Category 1 Residential Zone with a 60% building coverage ratio and 200% floor area ratio. The building is fully occupied, with listed annual rent of about 10.53 million yen and a gross yield of 6.01%. Taking over the current management arrangement is a condition of sale.
The assessed value uses the fiscal 2026 road price of 255,000 yen/m², the most common value on the local streets of Nishiarai 5-chome. The land comes to about 81.74 million yen, and the RC building, 26 years old with 21 years of remaining useful life, to about 61.45 million yen, giving an assessed ratio of 81.8%. The margin above 80% is small: if the property faces a 245,000 yen/m² street, the ratio would be 79.99%. The road price rose from 230,000 yen in 2024 to 255,000 yen in 2026.
The two listing photos show the front road, garage floor, gate approach and neighboring lots at the same level, with no retaining wall, step or stair access visible. The building is a detached RC structure and the lot is not a flag-shaped lot. The rear boundary does not appear in the photos.
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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