[Assessed 83.4%] Land in Yamato, Kanagawa — 18 min from Tsuruma Sta.

This plot of land is in Nishi-Tsuruma 8-chome, Yamato, Kanagawa, an 18-minute walk from Tsuruma Station on the Odakyu Enoshima Line. The map position in the listing is in the south-west of Nishi-Tsuruma 8-chome, a quiet residential area in a Category 1 Low-Rise Exclusive Residential Zone. The Minami-Tsuruma Ikoi-no-Mori green space is just to the south-west, with a convenience store about 188 m away and a supermarket about 900 m away.

The 86.27 m² (about 26.09 tsubo) site is freehold, with building coverage of 50%, a floor area ratio of 80% and a height limit of 10 m. It faces a 4.0 m private road (a designated road) on the south-west side, and the setback has already been made. There is no building condition. An old apartment building (4 one-room units with lofts, all vacant) stands on the site and is sold as-is. The listing suggests a gross yield of 11.2% (1.68 million yen a year) if the building were renovated and let.

On the assessed-value side, the land alone, valued at the FY2026 road price of 145,000 yen/m² (up about 7.4% over three years), gives an assessed ratio of about 83.4%. The existing apartment building is valued at zero because the listing gives neither its structure nor its year of construction. The loop road the lot faces is one band lower than the most common value in the district, at 140,000 yen/m², which would give about 80.5%.

The land alone gives an assessed ratio well above the price, but using the road price of the fronting road narrows the margin over 80%. The fronting road is private and the listing says nothing about ownership shares or consent for passage and excavation, so we recommend confirming these with the agent, together with whether the existing apartment building needs to be demolished.