![[Assessed 82.5%] Apartment building in Shinagawa Ward, Tokyo — 7 min from Hatanodai Sta.](https://toushi.homes.co.jp/upload/p4679/4679498/1788161025695-lt0.jpg)
[Assessed 82.5%] Apartment building in Shinagawa Ward, Tokyo — 7 min from Hatanodai Sta.
Property Overview
| Location | Shinagawa Ward, Tokyo |
| Nearest Station | Tokyu Oimachi Line Hatanodai Sta. |
| Walk | 7 min walk |
| Assessed Ratio | 82.5%Assessed 82.5% |
| Price | ¥97,200,000 |
| Type | Apartment building |
| Expected Yield | 5.5% |
| Structure | Wooden |
| Built | Built Oct 2016 (10 years old) |
| Land Area | 86.25㎡ |
| Building Area | 136.29㎡ |
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.
| Kenbiya | ¥97,200,000View listing |
Assessed Value Breakdown
| Land assessed value | ¥63,825,000 |
| Building assessed value | ¥16,354,800 |
| Total assessed value | ¥80,179,800 |
| Asking price | ¥97,200,000 |
| Assessed ratio | 82.5% |
Calculation basis
- Land = road price ¥740,000/m² × land area 86.25m²
- Building = replacement cost ¥220,000/m² × floor area 136.29m² × remaining life 12y ÷ statutory life 22y
- Built Oct 2016 (10 years old)
Official Road Price Trend (last 3 years)
Cumulative change 2024 → 2026: +23.3%| Year | Road price (JPY/m²) | YoY |
|---|---|---|
| 2024 | 600,000 | — |
| 2025 | 660,000 | +10.0% |
| 2026 | 740,000 | +12.1% |
※ Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.
How We Checked This Property
We checked three sheets of the 2026 route-price maps, the three listings of the same property and their exterior photos, and GSI elevation data to confirm the representative route price and the road-access and level conditions.
What We Could Not Confirm
- None of the three listings states the road access, so the width and type of the front road (public or private, and whether it is an Article 42(2) road) are unconfirmed. If it is an Article 42(2) road, a setback would reduce the effective site, and the displayed ratio of 82.49% is the figure without that deduction.
- The exterior photos do not show the front-road side or the left and rear boundaries, so any step from the road, retaining wall or stairs is unconfirmed.
- Because the entrances face a courtyard at the back, the possibility that the lot reaches the road via a narrow passage (a flag-shaped lot) cannot be ruled out. The listings give no width or length for such a passage.
- As the road access is unconfirmed, the route price of the road the property fronts has not been identified. The address point appears to lie along a 730,000 yen/㎡ road, and local roads in the chome range from 620,000 to 740,000 yen/㎡.
- Only one listing gives the zoning as Neighbourhood Commercial; the other two show "-". None of the listings states a fire or quasi-fire prevention district designation.
※ 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
⚠️ In all three listings of this property, including Kenbiya, the road-access field shows "-", so the width and type of the front road (public or private, and which category under the Building Standards Act) have not been confirmed. The 240% floor area ratio matches the cap for a lot in a Neighbourhood Commercial Zone fronting a 4 m road (4 m × 0.6), so the road is treated as 4 m wide and no setback is deducted. If the front road is an Article 42(2) road (narrower than 4 m), part of the lot would have to be set back as road depending on the frontage, and the assessment ratio falls by about 0.76 points for each ㎡ deducted. The displayed ratio of 82.49% is the figure without any deduction, and anyone considering a purchase should first confirm the road access.
This is a three-storey wooden apartment building with four units in Nishi-Nakanobu 2-chome, Shinagawa Ward, Tokyo. The nearest station is Hatanodai on the Tokyu Oimachi and Ikegami Lines, a 7-minute walk; Ebaramachi Station on the Tokyu Oimachi Line is an 8-minute walk. Built in October 2016 (10 years old), it has a floor area of 136.29 ㎡ on 86.25 ㎡ of freehold land. One listing gives the zoning as Neighbourhood Commercial, with 80% building coverage and a 240% floor area ratio. It is fully let, with an assumed annual income of 5.4 million yen and a displayed gross yield of 5.5%.
The route price used is 740,000 yen/㎡, the most common value on local roads in Nishi-Nakanobu 2-chome, up about 23.3% from 600,000 yen/㎡ in 2024. The listed address point appears to lie along the 730,000 yen/㎡ road on the southern edge of the chome; applying that value gives a ratio of about 81.6%. There are also many 620,000–630,000 yen/㎡ roads in the chome, and applying 620,000 yen/㎡ lowers the ratio to about 71.8%, so the figure will move once the fronting road is confirmed. The building is 10 years old, and 12 years of the 22-year statutory life for wooden buildings are counted in the assessment.
The Kenbiya listing has no photos. Exterior photos in another broker's listing of the same property show the paved courtyard where the entrances line up at the same level as the building foundation, with no retaining wall or stairs visible. However, the front-road side is not shown, so any step from the road and whether the lot is a flag-shaped lot reached by a narrow passage remain unconfirmed. Nearby, measured in a straight line from the listed address point: Kisoji about 80 m, 7-Eleven Shinagawa Hatanodai 2-chome about 160 m, Doutor Coffee Shop Hatanodai Nakahara-kaido about 190 m, Aji no Daio (ramen) about 200 m, AEON Town Hatanodai about 330 m, and Ozeki Hatanodai about 530 m (OpenStreetMap). The same property has also been listed by another broker since 20 August 2026.
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.
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