For SaleCondominium

Palstage Nerima III

Nakamurakita 2-chome, Nerima-ku, Tokyo
  • Corner unit
  • Pets negotiable
Asking Price
¥48,900,000
Est. Net Yield: 2.43%
Palstage Nerima III - 1/13
1 / 13

Executive Summary

This is a 1st-floor unit in Palstage Nerima III, a 4-story reinforced concrete (RC) apartment building located in Nakamurakita 2-chome, Nerima-ku, Tokyo. Built in February 2025, the building has a total of 62 units. Access is available via the Seibu Ikebukuro and Toshima Lines, located a 10-minute walk from Nakamurabashi Station, a 12-minute walk from Nerima Station, and a 13-minute walk from Toshimaen Station. The unit is a north-facing 1LDK corner unit with a floor area of 37.5 sq m and a balcony area of 4.32 sq m, equipped with an IH cooking heater, bathroom dryer, walk-in closet, auto-lock system with monitor, and security cameras. Land rights are ownership, and the zoning is Category I Medium-and-High-Rise Residential Zone. The property is currently occupied, and delivery is negotiable. Nearby facilities include commercial facilities 139 m (a 2-minute walk), a convenience store 140 m (a 2-minute walk), medical facilities 376 m (a 5-minute walk), and a government office 809 m (an 11-minute walk).

Property Details

Building Area
37.5 ㎡
Layout
1LDK
1 bedroom + living, dining & kitchen
Structure
RC
Built Year
2025
Floors
Floor 1 of 4
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥1,510,000
Transport
  • Nakamurabashi Station
    Seibu Ikebukuro / Toshima Line
    Walk 10 min
  • Nerima Station
    Seibu Ikebukuro / Toshima Line
    Walk 12 min
  • Toshimaen Station
    Seibu Ikebukuro / Toshima Line
    Walk 13 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Occupied by the seller
Handover
Negotiable

Land & legal restrictions

Land rights
Freehold
Zoning
Category 1 mid/high-rise residential zone

Costs besides the price

Other costs
インターネット: ¥550 per month
Parking
None

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
日神管財
Owners' association
Yes
Total units
62 units

Utilities & nearby

Gas
City gas

Please confirm the details in the explanation of important matters before purchase.

Around the property

This summarizes expected hazards, past disaster records, designated hazard zones, city planning, the surroundings (stations, schools, medical facilities and more), population, land prices and transactions around the property, based on data from Japan's Ministry of Land, Infrastructure, Transport and Tourism. The position is estimated from the address, so it can differ from the actual lot near the edge of an area. Hazard areas and records shown are only those published by national and local governments; being outside a published area, or not finding a record, does not mean damage cannot occur. Please confirm details on the municipality's hazard map and in the explanation of important matters given at the time of purchase.

Expected hazards nearby

Flood (maximum expected scale)
Not within a published hazard areaFlooding from rivers without a published assessment, and flooding caused by overwhelmed drainage, is not included.
Storm surge
Not within a published hazard area
Tsunami
Not within a published hazard area
Landslide
Not within a published hazard area
Liquefaction
Unlikely to liquefyA tendency for each grid cell of about 250 m, based on landform. It is not an assessment of the lot itself.

Please check your municipality's hazard map for details.

Past disaster records

Published records
No published record was found at this point or within about 300 m

This covers past disaster records published by national and local governments. Not finding a record does not mean that no disaster occurred.

Designated hazard zones

Steep slope failure hazard zone / Landslide prevention zone / Disaster hazard zone / Large-scale fill land
Not included in the published zones

This covers designated zones and maps published by national and local governments. Building and other restrictions may apply inside a zone. Please confirm the details with the municipality and in the explanation of important matters.

City planning

Urbanization zoning
Urbanization promotion area (designated for urban development)
Zoning (use district)
Category I mid/high-rise exclusive residential zone
Floor area ratio · Building coverage ratio
Floor area ratio 200% · Building coverage ratio 60%
Fire protection district
Quasi-fire prevention district

Because the position is approximate, this may differ from the designation of the lot itself. Please confirm the actual designation in the explanation of important matters.

Surroundings

中村橋 (西武鉄道)
About 37,326 passengers per day (FY2023)About 620 m in a straight line
豊島園 (東京都)
About 13,526 passengers per day (FY2023)About 720 m in a straight line
豊島園 (西武鉄道)
About 14,849 passengers per day (FY2023)About 750 m in a straight line
Public elementary school district
中村小学校 (練馬区立)School districts are set by the municipality and may change.
Nearest elementary school
練馬区立中村小学校About 470 m in a straight line
Nearest junior high school
富士見中学校About 660 m in a straight line
Nearest high school
国華高等学校About 620 m in a straight line
Nurseries and kindergartens
Within 500 m: 10 / within 1 km: 26
Nearest hospital (within 1 km)
医療法人社団 秀佑会 東海病院About 150 m in a straight line / Hospitals within 1 km: 2
Clinics
Within 500 m: 11

Distances are straight-line distances from the property's location, not walking times. Passenger figures are the combined daily boardings and alightings published by the railway operator (annual average). Names of stations, schools and facilities are shown in Japanese.

Population outlook nearby

2025 (estimate)
about 1,969 people
2050 (estimate)
about 2,299 people (+16.8% vs 2025)
Share aged 65 and over
15.6% → 24.9% (2025 → 2050)

Data for a grid cell of about 250 m, based on estimates by the Ministry of Land, Infrastructure, Transport and Tourism (starting from the 2020 census). Because the cell is small, it can differ from actual numbers and does not represent the trend of the whole municipality.

Nearby land prices

Residential land · about 114 m
¥580,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+7.2% vs last year)
Residential land · about 321 m
¥519,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+6.6% vs last year)
Residential land · about 513 m
¥689,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+9% vs last year)

Prices of representative lots selected by the national or prefectural government. They do not indicate the price or value of this property.

Nearby transactions

Overview (2025 Q1 – 2026 Q1)
124 records · median ¥843,182 per ㎡ (middle half: ¥635,606 – ¥1,042,500)Records for Nakamurakita 2-chome, Nerima-ku (used condominiums etc.)

Recent records with a similar floor area

2026 Q1
¥20,000,000・35 ㎡・1DK・built 1976Contract price information
2026 Q1
¥32,000,000・40 ㎡・1LDK・built 1987Contract price information
2026 Q1
¥35,000,000・35 ㎡・1DK・built 1985Contract price information
2026 Q1
¥23,000,000・40 ㎡・1LDK・built 1972Contract price information
2025 Q4
¥39,000,000・35 ㎡・1LDK・built 2024Contract price information

Records of actual transactions published by the Ministry of Land, Infrastructure, Transport and Tourism. They do not reflect individual circumstances such as floor, orientation or condition, and are not an evaluation of this property's price.

This service uses the API functions of the Real Estate Information Library of the Ministry of Land, Infrastructure, Transport and Tourism, but the timeliness, accuracy and completeness of the information provided are not guaranteed.

Source: Ministry of Land, Infrastructure, Transport and Tourism, Real Estate Information Library (国土交通省 不動産情報ライブラリ). Processed by us for the area around this property.Retrieved: 10/14/2026

Location & Map

Investment Analysis

Est. Gross Yield3.08%
Est. Net Yield2.43%

Calculated from an estimated rent. Actual rent may differ.

Net yield = (annual rent − management fee and repair reserve − property management fee (5.5% of rent)) ÷ (price + purchase costs). Property tax, vacancies and repair costs are not included.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
3.08%
Est. Net Yield
2.43%
If sold after 10 years (before tax)
Annual return (IRR)
1.5%
Net gain
+¥7,640,000
Gain on total investment +14.6%
Est. Property ValueCumulative Net IncomeNet gain

If sold at the end of each year (before tax)

YearEst. Property ValueCumulative Net IncomeNet gainGain on total investmentAnnual return (IRR)
1yr¥48,900,000+¥1,270,000¥-3,770,000-7.2%-7.2%
2yr¥48,900,000+¥2,540,000¥-2,500,000-4.8%-2.5%
3yr¥48,900,000+¥3,800,000¥-1,240,000-2.4%-0.8%
4yr¥48,900,000+¥5,070,000+¥30,000+0.1%0.0%
5yr¥48,900,000+¥6,340,000+¥1,300,000+2.5%0.5%
6yr¥48,900,000+¥7,610,000+¥2,570,000+4.9%0.9%
7yr¥48,900,000+¥8,880,000+¥3,840,000+7.3%1.1%
8yr¥48,900,000+¥10,140,000+¥5,100,000+9.8%1.3%
9yr¥48,900,000+¥11,410,000+¥6,370,000+12.2%1.4%
10yr¥48,900,000+¥12,680,000+¥7,640,000+14.6%1.5%

Assumptions

  • Total investment ¥52,249,700 (price ¥48,900,000 + purchase costs ¥3,349,700)
  • Management fee and repair reserve: ¥157,560 per year
  • Property management fee: 5.5% of rent (incl. tax)
  • Selling costs (brokerage fee and stamp duty) are deducted from the sale price
  • Taxes (income tax on rent, tax on capital gains, etc.), vacancies, property tax and repair costs are not included

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥3,349,700
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,679,700
Real Estate Acquisition Tax (est., rate varies by property type)¥880,000
Registration License Tax (title transfer)¥440,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥340,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

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