![[Assessed 81.2%] Apartment building in Ota Ward, Tokyo — 10 min from Otorii Sta.](https://img.rakumachi.jp/c/property/qxxva-LS7xwCzeq34E~Ffg__/119150181)
[Assessed 81.2%] Apartment building in Ota Ward, Tokyo — 10 min from Otorii Sta.
Property Overview
| Location | Ota Ward, Tokyo |
| Nearest Station | Keikyu Airport Line Otorii Sta. |
| Walk | 10 min walk |
| Assessed Ratio | 81.2%Assessed 81.2% |
| Price | ¥38,800,000 |
| Type | Apartment building |
| Expected Yield | 5.26% |
| Structure | Wooden |
| Built | Built Dec 1987 (38 years old) |
| Land Area | 87.53㎡ |
| Building Area | 81.52㎡ |
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 | ¥38,800,000View listing |
| Rakumachi | ¥38,800,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥31,510,800 |
| Building assessed value | ¥0 |
| Total assessed value | ¥31,510,800 |
| Asking price | ¥38,800,000 |
| Assessed ratio | 81.2% |
Calculation basis
- Land = road price ¥360,000/m² × land area 87.53m²
- Building = replacement cost ¥220,000/m² × floor area 81.52m² × remaining life 0y ÷ statutory life 22y
- Built Dec 1987 (38 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +16.1%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 310,000 | — |
| 2025 | 330,000 | +6.5% |
| 2026 | 360,000 | +9.1% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
We counted the local block roads of Honhaneda 3-chome section by section on four sheets of the FY2026 route price map, and checked road access and height differences using two brokers' listings of the same property and nine photos.
What We Could Not Confirm
- Because the lot number is not disclosed, we could not identify which band the north frontage road belongs to. Bands nearby range from 340,000 to 400,000 yen/m²; at 340,000 yen/m² the ratio would be about 76.7%, and at 350,000 yen/m² about 79.0%, both below 80%.
- The rear boundary of the site does not appear in the photos, so any height difference there has not been confirmed.
- The land area is the registered 87.53 m²; no surveyed area is given in the listing. The margin above the area needed for 80% is about 1.3 m².
- The listing does not break down current rents or occupancy; the 5.26% gross yield is based on projected annual income of 2.04 million yen.
※ 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 small apartment building in Honhaneda 3-chome, Ota Ward, Tokyo, a 10-minute walk from Otorii Station on the Keikyu Airport Line and 12 minutes from Kojiya Station. The site is in a Category 1 residential zone (60% building coverage, 200% floor area ratio) within the urbanization promotion area, land category residential, with freehold land. It fronts a 4.00 m public road on the north side, and the listing shows no private-road burden.
The building is a two-storey wooden structure completed in December 1987, with a total floor area of 81.52 m² and two 2DK units. The land is 87.53 m² (registered area). Both units are currently leased; projected annual income is 2.04 million yen, for a gross yield of 5.26%. Two brokers list the same property on Rakumachi, and the price, areas and completion date match.
For the route price, we counted the local block roads of Honhaneda 3-chome on four sheets of the FY2026 route price map and adopted the most frequent band, 360,000 yen/m². The assessed-value ratio is about 81.2%, a thin margin above 80%. The building is 38 years old, past its 22-year statutory useful life, so it is valued at zero and the assessed value comes entirely from the land. Excluding sections marked as small-and-medium factory districts, 400,000 yen/m² becomes the most frequent band and the ratio would be about 90.2%. The same road section was 310,000 yen/m² in 2024 and 330,000 yen/m² in 2025.
⚠️ The lot number is not disclosed, and we could not identify which band the north frontage road belongs to. Bands near the property range from 340,000 to 400,000 yen/m²; at 340,000 yen/m² the ratio would be about 76.7%, and at 350,000 yen/m² about 79.0%, both below 80%. In the nine listing photos there is no step between the road and the site, and no retaining wall or stair access. The rear boundary of the site is not visible in the photos. Distances to nearby facilities are straight-line distances from the chome centroid.
Estimated Financing
Suggested Lenders
※ General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.
Learn About Assessed Value and Financing
Our blog explains the basics you need to read the numbers on this page.
不動産担保ローンとは？手持ちの不動産で次の物件を買う方法
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積算評価・担保評価とは？計算方法と調べ方をわかりやすく解説
積算評価（担保評価）とは、銀行が物件の担保価値を土地と建物から計算する方法です。計算式・再調達価格・法定耐用年数の目安、路線価を使った調べ方、融資が付きやすい物件の特徴を計算例つきで解説します。
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