[Assessed 91.6%] Condominium building in Sakado, Saitama — 15 min from Sakado Sta.

This is a whole apartment building, Luminance Yahata, in Hachiman 1-chome, Sakado, Saitama. The nearest station is Sakado on the Tobu Tojo and Ogose lines, listed as a 15-minute walk. The site is a corner lot facing National Route 407 (Sakado Bypass) on the northwest and another road on the northeast, and a Domino's Pizza occupies the ground-floor shop unit. Nearby shops include Seisen Ichiba TOP (about 70 m), Starbucks (about 70 m) and Belc (about 500 m); these three distances are the figures given in a Rakumachi listing for the same property. Fukushin (about 160 m), Kura Sushi (about 320 m) and Yaoko Chiyoda (about 450 m) are straight-line distances from the property coordinates shown on athome. Only shops confirmed on OpenStreetMap to be within Sakado are included.

The building is a five-storey reinforced concrete structure built in June 1988, with a total floor area of 1,934.18 ㎡. All 35 units (34 residential units and one shop) are let (sold with tenants in place), with an annual rent of 24.276 million yen when full and a gross yield of 8.09%. The roof waterproofing was renewed in May 2025 and the exterior walls were repainted in June 2026. The land is a 2,008.00 ㎡ freehold lot (registered area) in a Quasi-industrial zone with a 60% building coverage ratio and a 200% floor area ratio. It has 30.0 m of frontage on a 24.0 m public road on the northwest and 56.0 m of frontage on a 3.0 m public road on the northeast. The price is 300 million yen. ⚠️ The land category is given as miscellaneous land on athome but as residential land on Rakumachi, and the number of parking spaces differs between listings (10 vs 45, of which 41 are let).

The assessed ratio is about 91.6%. On the 2026 road price map, the block roads in Hachiman 1-chome had 79,000 yen/㎡ and 77,000 yen/㎡ on three sections each, so we took the lower value, 77,000 yen/㎡ (leasehold ratio D), as the representative price. At 79,000 yen/㎡ the ratio would be about 92.9%. The band along National Route 407, which the site faces, is an arterial-road value and was not used as the representative price. ⚠️ The northeastern public road is 3.0 m wide, less than 4 m, but the listings do not state whether a setback is required or how large it is. We deducted a minimum estimate (about 28 ㎡) assuming a setback to 2 m from the road centre line and assessed an effective area of 1,980 ㎡. Without the deduction the ratio would be about 92.3%; if the actual setback area is larger, the ratio will be lower.

All four exterior photos on athome were Google Street View images, so the thumbnail of this article is our own illustration. Checking them together with the 15 photos in the Rakumachi listings, the site is level with the roads on both the national-road side and the northeast side, and the car park at the southeastern rear is at roughly the same height as the neighbouring land. An athome photo shows a handrail-like fence descending to the left of the building; we could not identify its location or purpose, but GSI elevation data shows no step of 1 m or more around the site. The site is not a flag-shaped lot, not a row building and not reached by steps. The setback area, the land category and the number of parking spaces should be confirmed before any transaction.