[Assessed 80.7%] Apartment building in Fujimino, Saitama — 5 min from Kami-Fukuoka Sta.

⚠️ The property faces a dead-end private road (a designated road, 4.00 m wide). The listing says nothing about a share in the private road or consent for passage and excavation, and the private-road area field is blank. Because this private road has no route price, we valued the land using the route price of the public block roads in the same town, and the assessed ratio is about 80.7%, only slightly above 80%. If 1.6 m² or more of the private road is included within the 174.73 m² land area, the ratio falls below 80%. Please confirm the private-road rights and the breakdown of the land area with the listing agent before signing.

A wooden apartment building in Kami-Fukuoka 1-chome, Fujimino, Saitama, a 5-minute walk from Kami-Fukuoka Station on the Tobu Tojo Line. Northeast of the station is a mixed residential and shopping area, with Tobu Store and Yaoko in front of the station and the Big-A discount supermarket within a few hundred meters.

Price ¥36.8 million; land 174.73 m² (registered) and building 198.71 m²; two-story wooden building completed in January 1970 with 8 units (Maison Chiaki). Seven of the eight units are leased; projected annual rent when fully occupied is ¥3.444 million, for a gross yield of 9.35%. The land is freehold in a Category 2 residential zone (60% building coverage / 200% floor-area ratio). Transaction type: general brokerage; listing agent: Interface Co., Ltd.

For the valuation, we counted the block roads in Kami-Fukuoka 1-chome on the 2026 route price maps and used the most common value, ¥170,000/m², as the representative price. This road rose from ¥160,000 (2024) to ¥165,000 (2025) to ¥170,000 (2026), about 6.3% over two years. The building is 56 years old, beyond the 22-year statutory useful life for wooden buildings, so it is valued at zero and the assessed ratio of about 80.7% comes from the land alone. Using the town's other block-road value of ¥165,000/m² gives about 78.3%.

The listing has one exterior photo, and the site is flat. On the left, along the walkway, is a block wall topped with a fence; the ground-level difference between the walkway and the site is 0.2 m or less. On the right, both sides of the metal panel fence are at the same level, and no retaining walls or steps are visible. GSI elevation data also show no step of 1 m or more around the site. The private road itself and the rear boundaries are not shown. The building dates from 1970 and predates the 1981 seismic standards; its condition, repair history and the status of the one vacant unit are not stated in the listing.