[Assessed 82.7%] Condominium building in Tachikawa, Tokyo — 12 min from Shibasaki-Taiikukan Sta.

This is a condominium building with a ground-floor shop in Shibasaki-cho 5-chome, Tachikawa, Tokyo. It is a 12-minute walk from Shibasaki-Taiikukan Station on the Tama Monorail and a 24-minute walk from Tachikawa Station on the JR Chuo Line. According to the listing it fronts a 20.0m-wide road on the northeast side, and on the map it faces the Shin-Okutama Kaido. The site is in the urbanization promotion area and straddles a Category 1 residential zone and a Category 1 low-rise exclusive residential zone. Nearby are 7-Eleven (approx. 270m), CO-OP (approx. 440m), Totoyamichi (approx. 480m), Matsuya (approx. 590m), Royal Host (approx. 630m) and OK Store Tachikawa Fujimicho (approx. 720m). These are straight-line distances from the centroid of Shibasaki-cho 5-chome, not from the property itself.

The building is a four-story reinforced concrete (RC) structure built in April 1992 with a floor area in use of 517.19㎡, on 514㎡ of freehold land (registered area; land category: miscellaneous land) with no private road burden. The listing category is 'building for sale', but of the 10 units, one on the ground floor is a shop/office and the residences are three 1DK units (approx. 27㎡) and six 2SDK units (approx. 50㎡), so it is mainly a residential building with a shop. There is open-air parking under the ground-floor pilotis and behind the building, listed as 10 spaces. It is sold with existing tenants; the annual rent assuming full occupancy is ¥12.06 million, the gross yield is 7.01%, and the price is ¥172 million. The ground-floor shop (a rental application has been received) and unit 302 are currently vacant.

The assessed ratio is 82.7%. We did not adopt the route price of the Shin-Okutama Kaido in front (¥225,000–230,000/㎡) because it is an arterial road value; instead we adopted ¥185,000/㎡, the most common value on the local streets of Shibasaki-cho 5-chome. Even the lowest local-street value in the chome, ¥180,000/㎡, gives 81.2%, and ¥190,000/㎡ gives 84.2%. The seller's text mentions a route price of ¥205,000/㎡, but this does not match any band on the FY2026 route price map, so we did not use it. The building is 34 years old and is valued with 13 years remaining of the 47-year statutory useful life for RC. The route price on the same street rose from ¥155,000/㎡ in 2024 to ¥185,000/㎡ in 2026.

⚠️ The building coverage ratio and floor area ratio are not stated in the listing. Because the site also straddles two zoning districts, the designations applying to the site and how they relate to the existing building need to be confirmed with the agent. In the photos, the front is a concrete apron level with the road, and the boundaries with neighboring lots are 20–40cm curbs topped with mesh fencing. No retaining walls, slopes or stepped access were seen. We have not found the same property listed on other real estate sites.