[Assessed 117.3%] Land in Nakano Ward, Tokyo — 2 min from Toritsu-Kasei Sta.

This is a plot of land with an old building in Saginomiya 1-chome, Nakano Ward. It is a 2-minute walk from Toritsu-Kasei Station on the Seibu Shinjuku Line and a 10-minute walk from Saginomiya Station, in a residential area close to the station shopping street. According to the listing, Peacock Store Toritsu-Kasei is about 173 m away and Maruetsu Toritsu-Kasei Ekimae about 241 m, so daily shopping is within a few minutes on foot.

The land is 30.55 m² (registered, about 9.24 tsubo), freehold, a regular rectangle about 4.55 m wide and 6.72 m deep. It is in a Category 1 Low-rise Exclusive Residential Zone with a 50% building coverage ratio and 150% floor area ratio, so the buildable size is limited to about 15 m² of building area and about 45 m² of total floor area. It fronts a 4.0 m designated private road on the southwest for 4.5 m, and no setback is required. A 1/5 co-ownership share of the 43.02 m² private road is listed separately from the land area. An old apartment building stands on the site and is sold as is. The price is 12.5 million yen.

For the road price, we counted the block roads of Saginomiya 1-chome across four sheets of the 2026 road price maps and used the most common value, 480,000 yen/m² (leasehold ratio C), as the representative value. The roads around the property are in the same band. The same road was 420,000 yen in 2024 and 450,000 yen in 2025, up about 14.3% over two years. The old building is valued at zero, and the land alone gives an assessed ratio of about 117.3%.

⚠️ The price is below the road-price valuation of the land (about 14.66 million yen). The small site of about 30 m², which limits what can be built, the unknown occupancy of the existing apartment, and the use of propane gas may be reflected in the price. Nakano Ward also has areas where district plans set a minimum site area; if this site falls in such an area, how rebuilding would be treated needs to be confirmed with the ward.