◍ Nerima Ward, Tokyo
Land in Nerima
$1,198,710
✓ Freehold✓ Rebuildable
PULSE SCORE
29/100
Caution
VS FAIR VALUE
+196%
Above estimate
EST. GROSS YIELD
—
Gross, est.
LAND VALUE
$13,938/m²
+196% vs ward
VALUATION · MLIT DATA
Is this a good deal?
FAIR VALUE EST.
$404,706
$344,000–$465,412
LISTED PRICE
$1,198,710
+196% above
BELOWFAIRABOVE
PRICE HISTORY
No price changes since listing.
PULSE SCORE · LAND
How it scores
● Caution · 29/100
Land Price per m² vs Ward Median0/25
$3,601/m²/buildable m² — 71% above Nerima benchmark $2,103/m² ✗✗ (zoned FAR — road width unverified)
Price vs MLIT Fair Value-20 pts
+243% above MLIT fair value — significant premium ✗✗
Rebuild Permission8/20
Rebuild status unverified (SUUMO) — treated as neutral; confirm with agent ⚠
Station Proximity12/15
10-min walk to station — good access ✓
Land Size6/15
86m² — standard plot
Zone & Development Grade13/15
Neighbourhood commercial — broad development options ✓
Freehold Ownership10/10
Freehold (所有権) — full land title ✓
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Start free trial →PROPERTY FACTS
FLOOR
—
LAND
86 m²
LAYOUT
—
BUILT
—
STRUCTURE
—
TITLE
Freehold
🚉 Nerima Station · 10 min walk
About this property
✦ AI summaryA 86 m² freehold land plot in Nerima, Tokyo. Located 10 min walk from Nerima Station. Rebuilding is permitted, making this suitable for custom home construction or development. Freehold title provides full land ownership rights with no ground lease obligations. An attractive option for investors seeking a Tokyo land-banking position or buyers planning a custom-built residence in an established Nerima neighbourhood.
WARD MARKET CONTEXT
MARKET RANK
Top 95%
vs Nerima
FLEXIBILITY
Medium
From price positioning
LAND ECON.
$13,938/m²+196%
Median $4,706/m²
STRUCTURE
—Land play
Land-value play
Area Guide · Nerima
✦ AI summaryNerima ward offers spacious homes at accessible price points along the Seibu Ikebukuro and Toei Oedo lines. Its suburban character, large plots, and manga/animation heritage attract families and creative professionals seeking more space than central wards can offer.
COMPARABLES
Similar nearby
MLIT Sale80%SOLD
$1,290,323
90m² · Q1 2024
67%$1,193,548
4LDK · 167.49m²
64%$1,161,290
4LDK · 141.36m²
63%$1,148,387
5LDK · 211.23m²
62%$1,193,548
3LLDDKK
62%$1,193,548
1LDK · 229.86m²
61%$1,212,903
1LDK · 120.22m²
MLIT Sale61%SOLD
$341,935
85m² · Q4 2024
MLIT Sale61%SOLD
$406,452
85m² · Q4 2024
ALL-IN COST
List Price$1,198,710
Acquisition Tax (~3%)$35,961
Registration (~2%)$23,974
Agent Fee (~3.3%)$39,557
Total All-in$1,298,203
RENTAL YIELD ESTIMATOR
Gross Yield4.78%
Annual Rent$57,290
$1,198,710
● Caution · 29/100
⚠
Check on SUUMO →This listing may no longer be available — it hasn't been seen in our latest scrape.
Freehold1 / 3Nerima Ward, Tokyo
Land in Nerima
LISTED PRICE
$1,198,710
$13,938/m² land
VS FAIR VALUEOverpriced
+196%
Above estimate· Est. $404,706
PULSE SCORE
29/100
Caution
EST. GROSS YIELD
—
Gross, est.
LAND VALUE
$13,938/m²
+196% vs ward
About This Property
AI-generated summaryA 86 m² freehold land plot in Nerima, Tokyo. Located 10 min walk from Nerima Station. Rebuilding is permitted, making this suitable for custom home construction or development. Freehold title provides full land ownership rights with no ground lease obligations. An attractive option for investors seeking a Tokyo land-banking position or buyers planning a custom-built residence in an established Nerima neighbourhood.
Area Guide · Nerima
AI-generated summaryNerima ward offers spacious homes at accessible price points along the Seibu Ikebukuro and Toei Oedo lines. Its suburban character, large plots, and manga/animation heritage attract families and creative professionals seeking more space than central wards can offer.
VALUATION · MLIT MARKET DATA
Is this a good deal?
FAIR VALUE ESTIMATE
$404,706
Range $344,000 – $465,412
LISTED PRICE
$1,198,710
+196% above fair value
BELOW MARKETFAIRABOVE MARKET
2967
COMPS USED
$4,706/m²
WARD MEDIAN
MLIT
DATA SOURCE
High
CONFIDENCE
PULSE SCORE · LAND
How it scores
Caution · 29/100
Caution <50Consider 50–69Strong 70+
Land Price per m² vs Ward Median0/25
$3,601/m²/buildable m² — 71% above Nerima benchmark $2,103/m² ✗✗ (zoned FAR — road width unverified)
Price vs MLIT Fair Value-20 pts
+243% above MLIT fair value — significant premium ✗✗
Rebuild Permission8/20
Rebuild status unverified (SUUMO) — treated as neutral; confirm with agent ⚠
Station Proximity12/15
10-min walk to station — good access ✓
Land Size6/15
86m² — standard plot
Zone & Development Grade13/15
Neighbourhood commercial — broad development options ✓
Freehold Ownership10/10
Freehold (所有権) — full land title ✓
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Start free trial →This score is algorithmic and does not constitute investment advice. Full methodology →
PROPERTY INTELLIGENCE
Ward market context
MARKET RANK
Top 95%
vs Nerima listings
FLEXIBILITY
Medium
Estimated from price positioning
LAND ECONOMICS
$13,938/m²+196%
Nerima median $4,706/m²
STRUCTURE VALUE
—Land play
Depreciated — land-value play
COMPARABLE PROPERTIES
Top 9 of 47 matches· incl. 3 MLIT sold
MLIT Recorded Sale80% MatchSOLD
$1,290,323
$1,290,323 · ¥222.2万/m²
練馬
—
90m²
—
MLIT verified · Q1 2024
67% MatchACTIVE64% MatchACTIVE63% MatchACTIVE62% MatchACTIVE62% MatchACTIVE61% MatchACTIVEMLIT Recorded Sale61% MatchSOLD
$341,935
$341,935 · ¥62.4万/m²
石神井町
—
85m²
—
MLIT verified · Q4 2024
MLIT Recorded Sale61% MatchSOLD
$406,452
$406,452 · ¥74.1万/m²
平和台
—
85m²
—
MLIT verified · Q4 2024
9 Drops
Price Drops
1005 New
Last 30 Days
6 Rec
MLIT Sold · 2yr
Medium · 47
Data
TokyoInvestor aggregates public listings and provides research estimates. Verify all details with licensed real estate professionals before purchasing. STR eligibility reflects ward-level guidance only — confirm with building management. Valuation scores are algorithmic estimates, not appraisals.