![[Assessed 80.6%] Apartment building in Ichikawa, Chiba — 13 min from Ichikawa-Ono Sta.](https://toushi.homes.co.jp/upload/p4719/4719615/1789696629506-bzn.jpg)
[Assessed 80.6%] Apartment building in Ichikawa, Chiba — 13 min from Ichikawa-Ono Sta.
Property Overview
| Location | Ichikawa, Chiba |
| Nearest Station | JR Musashino Line Ichikawa-Ono Sta. |
| Walk | 13 min walk |
| Assessed Ratio | 80.6%Assessed 80.6% |
| Price | ¥83,800,000 |
| Type | Apartment building |
| Expected Yield | 9.13% |
| Structure | Wooden |
| Built | Built Sep 1990 (36 years old) |
| Land Area | 435.99㎡ |
| Building Area | 361.69㎡ |
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.
| Kenbiya | ¥83,800,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥67,578,450 |
| Building assessed value | ¥0 |
| Total assessed value | ¥67,578,450 |
| Asking price | ¥83,800,000 |
| Assessed ratio | 80.6% |
Calculation basis
- Land = road price ¥155,000/m² × land area 435.99m²
- Building = replacement cost ¥220,000/m² × floor area 361.69m² × remaining life 0y ÷ statutory life 22y
- Built Sep 1990 (36 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +14.8%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 135,000 | — |
| 2025 | 150,000 | +11.1% |
| 2026 | 155,000 | +3.3% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
We collected the local road prices of Minami-Ono 3-chome from the fiscal 2026 road price map, compared the values along each section of the front road, checked level differences with exterior and front-road photos and elevation data, and reviewed the shop leaseback condition.
What We Could Not Confirm
- For the owner-occupied shop, the listing does not state the rent, term or renewal conditions after the leaseback.
- The listing does not show how the rent of the shop to be leased back is included in the projected annual income of 7.656 million yen (gross yield 9.13%), nor a breakdown of current rents by unit.
- Because the building combines shops and housing in a Category 1 low-rise exclusive residential zone, whether a shop of the same size could be built when rebuilding needs to be confirmed with Ichikawa City.
- The road price along the front road is split between 155,000 and 150,000 yen/m² depending on the section, giving an assessment ratio of 80.6% or 78.0% depending on which is used.
※ 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
"Stone River" is a wooden apartment building with shops in Minami-Ono 3-chome, Ichikawa, a 13-minute walk from Ichikawa-Ono Station on the JR Musashino Line. From Motoyawata Station on the JR Sobu Line it is a 23-minute bus ride plus a 3-minute walk from the Okashiwa Shutchojo stop. The south side of the lot faces a road about 22 m wide with sidewalks. A Big-A supermarket is about 180 m and a FamilyMart about 260 m away (straight-line distances from the block's representative point, measured with OpenStreetMap), and a supermarket sign across the front road is visible in the listing photos.
The regular-shaped 435.99 m² (about 131.88 tsubo) freehold lot has about 24.8 m of frontage on the public road to the south, in a Category 1 low-rise exclusive residential zone (building coverage 50%, floor area ratio 100%). The two-story wooden building, completed in September 1990 with 361.69 m² of floor area, has two shop units and three residential units (3DK, 2LDK, 2DK), with parking for three cars in front of the shops. The building is currently leased and the existing leases pass to the buyer; the projected full-occupancy annual income is 7.656 million yen (gross yield 9.13%).
The fiscal 2026 inheritance-tax road price is 155,000 yen/m², giving a land assessment of about 67.58 million yen. At 36 years old the building exceeds the 22-year statutory useful life for wooden buildings, so its assessed value is zero. Against the asking price of 83.8 million yen, the assessment ratio is 80.6%. The road price has risen 14.8% over three years from 135,000 yen/m² in 2024. The next section of the same front road to the east is priced at 150,000 yen/m²; using that value would give a ratio of 78.0%, so the figure is sensitive to which road price is taken.
⚠️ One of the two shop units is currently used by the owner, and after the sale a leaseback lease with the owner as tenant is stated to be required. The projected annual income of 7.656 million yen appears to include this shop's rent, but the listing does not state the leaseback rent or term. In addition, because the building combines shops and housing in a Category 1 low-rise exclusive residential zone, whether a shop of the same size could be included when rebuilding needs to be checked with the authorities. We recommend confirming these points with the broker.
Estimated Financing
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.