[Assessed 91.5%] Condominium building in Sakado, Saitama — 4 min from Kita-Sakado Sta.

A whole-building apartment property in Yakushimachi, Sakado, Saitama, a 4-minute walk from Kita-Sakado Station on the Tobu Tojo Line (the listing summary says 3 minutes and the agent's comment says 4; we show the longer figure). The site is in an urbanization promotion area zoned Category 2 Residential (building coverage 60%, floor area ratio 200%); the land is freehold, registered as residential land, and flat. It is a corner lot facing 6.0 m public roads on the southeast and northeast. According to the listing's neighborhood information, Gusto Sakado is 285 m away, 7-Eleven Kita-Sakado Station East Exit 291 m, and Gyomu Super Sakado 380 m.

The building is a three-story steel-frame structure completed in January 2011 (15 years old), with 544.42 ㎡ of floor area (usable area) and nine 1LDK-type units. It has an elevator, auto-lock entrance, security cameras and city gas, plus parking (7,350 yen/month, three or more spaces) and free bicycle parking. The land is 569.00 ㎡ (registered), with no private road burden. The asking price is 165 million yen; it is sold with tenants in place (owner change), and the gross yield is 6.61% on expected annual income of 10.92 million yen.

Yakushimachi has no chome subdivisions and spans four sheets of the 2026 (Reiwa 8) road price maps. Its block-road prices fall into three bands: 105,000–115,000 yen/㎡ east of the station, 92,000–94,000 yen/㎡ in the middle, and 78,000–86,000 yen/㎡ in the south and west. As the property lies in the area east of the station, we used that area's most common block-road value, 105,000 yen/㎡ (leasehold ratio D), which has been unchanged since 2024. ⚠️ Using 94,000 yen/㎡, the candidate for the most common value across the whole town, the assessment ratio would be about 87.7%, and even at the lowest south-west band of 78,000 yen/㎡ it would be about 82.2%. The listing gives the structure only as "steel frame" without saying heavy or light gauge, so we assessed the building as heavy steel. If it is light-gauge steel, the building value would fall to about 38.11 million yen and the assessment ratio to about 59.3%.

⚠️ In the listing photos, the surface parking and the building foundation are level with the road, with no retaining wall, step or stepped access, and the building is a standalone three-story structure. However, the northwest and southwest boundaries with neighboring lots do not appear in the photos and have not been checked. The 6.61% gross yield is based on expected income for a tenanted owner-change sale; current occupancy and the rent breakdown (rent roll) are not in the listing. A rental building database lists the same building as SRC, 15 units, completed March 2011, which differs from the sale listing's structure and unit count, so both should be confirmed with the agent.