[Assessed 84.5%] Apartment building in Akishima, Tokyo — 12 min from Nakagami Sta.

A wooden apartment building in Nakagamicho 1-chome, Akishima. The nearest station is Nakagami Station on the JR Ome Line, listed as a 12-minute walk. The lot faces a 5.97 m wide designated road (ichi-shitei doro) with 6.21 m of frontage. This comes from the remarks of a separate Rakumachi listing for the same property; the road access field in this listing is blank. The listing only says there is a supermarket and a drugstore nearby, without names or distances. The nearby places below were found on OpenStreetMap, and distances are straight-line distances from the point returned by the GSI address search for Nakagamicho 1-22-4.

Built in February 1987, the two-story wooden building has 192.10 m² of floor area and six units (four 2DK and two 1K), all facing south. It is sold fully occupied with tenants in place (owner change), with expected annual rent of 3.54 million yen and a gross yield of 7.44% (7.43% in the other listing). The land is given as 309.85 m² (registered), but a private road burden of 66.00 m² is also stated, and the other Rakumachi listing for the same property (same price of 47.6 million yen) gives the land as 243.85 m². Freehold, in an urbanization promotion area, with a building coverage ratio of 40% and a floor area ratio of 80%; the zoning district is not stated in the listing. Propane gas, public water and sewer.

The land is valued at the 2026 road price of 165,000 yen/m² (leasehold ratio D) on the 243.85 m² that remains after excluding the private road burden. 165,000 yen/m² is the most common value on the local streets of Nakagamicho 1-chome, and it is also the value of the road that the designated road in front of the lot connects to. On the other hand, the roads on the south and west sides of the same block are 160,000 yen/m², and some local streets in the same chome are 155,000 yen/m². Adopting these lower values would lower the assessed ratio accordingly. On the same route, the road price rose from 160,000 yen/m² in 2024 and 2025 to 165,000 yen/m² in 2026. The building is 39 years old, beyond the 22-year statutory useful life for wooden buildings, so its assessed value is zero and the entire assessed value comes from the land.

⚠️ The restrictions section of the other Rakumachi listing states that a building of the same size may not be rebuildable, and the sale is as-is with the seller exempt from liability for non-conformity. The other listing for the same property was registered on April 12, 2026, and has been on the market for about six months. In the photos, the south, west and east boundaries all have retaining heights under 1 m, and there is no retaining wall, stepped access or flag-shaped lot, but nothing beyond the north face of the building is visible. The rebuilding conditions, the zoning district and the state of the north boundary remain points to confirm with the brokers.