For SaleCommercial Building

Ikejiri Ace Building

Ikejiri 4-chome, Setagaya-ku, Tokyo
Asking Price
¥198,000,000
Gross Yield: 4.48%
Ikejiri Ace Building - 1/1
1 / 1

Executive Summary

This is a 4-story reinforced concrete building built in October 1970, located in Ikejiri 4-chome, Setagaya-ku, Tokyo. For transportation access, it is an 11-minute walk from Komaba-todaimae Station on the Keio Inokashira Line, a 15-minute walk from Ikejiri-ohashi Station on the Tokyu Den-en-toshi Line, and a 19-minute walk from Shimokitazawa Station on the Odakyu Odawara Line. The building area is 264.6 sqm, configured with retail space on the 1st floor and residential apartments on the 2nd to 4th floors. The land area is 105.78 sqm (official register), and the land right is ownership. Located in an urbanization promotion area within a Category I Residential Zone, the building-to-land ratio is 60%, and the floor area ratio is 200%, with the property fronting a public road on the north side. The property is currently tenanted, and the handover timing is subject to consultation.

Property Details

Building Area
264.6 ㎡
Structure
RC
Built Year
1970
Floors
4 Floors
Earthquake Std.
Old Seismic Standard
Annual Income
¥8,880,000
Transport
  • Komaba-todaimae Station
    Keio Inokashira Line
    Walk 11 min
  • Ikejiri-ohashi Station
    Tokyu Den-en-toshi Line
    Walk 15 min
  • Shimo-kitazawa Station
    Odakyu Odawara Line
    Walk 19 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Negotiable

Land & legal restrictions

Land area
105.8 ㎡per land registry
Land rights
Freehold
Land category
Residential land
City planning area
Urbanization promotion area
Zoning
Category 1 residential zone
Building coverage / floor area ratio
60% / 200%
Road access
North side Public road

Building management

Total units
8 units

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 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

駒場東大前 (京王電鉄)
About 34,257 passengers per day (FY2023)About 540 m in a straight line
池ノ上 (京王電鉄)
About 8,719 passengers per day (FY2023)About 690 m in a straight line
池尻大橋 (東急電鉄)
About 60,918 passengers per day (FY2023)About 740 m in a straight line
Public elementary school district
多聞小学校 (世田谷区立)School districts are set by the municipality and may change.
Nearest elementary school
世田谷区立多聞小学校About 550 m in a straight line
Nearest junior high school
世田谷区立富士中学校About 210 m in a straight line
Nearest high school
駒場学園高等学校About 120 m in a straight line
Nearest university, junior college or technical college
東京大学About 730 m in a straight line
Nurseries and kindergartens
Within 500 m: 2 / within 1 km: 21
Nearest hospital (within 1 km)
東邦大学医療センター 大橋病院About 580 m in a straight line / Hospitals within 1 km: 2
Clinics
Within 500 m: 6

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 1,458 people
2050 (estimate)
about 1,603 people (+10% vs 2025)
Share aged 65 and over
16% → 28.5% (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 352 m
¥1,360,000/㎡Prefectural land price survey · 7/1/2026 (+14.3% vs last year)
Residential land · about 411 m
¥984,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+9.3% vs last year)
Residential land · about 496 m
¥996,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+7.1% 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.

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

Gross Yield4.48%

Based on the property's annual business income.

ROI SIMULATION

ROI / IRR Investment Simulation

Gross Yield
4.48%
Est. Net Yield
3.31%

Management and repair fees for this property are not available, so expenses are assumed to be 15% of rent.

If sold after 10 years (before tax)
Annual return (IRR)
2.4%
Net gain
+¥48,890,000
Gain on total investment +23.0%
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¥198,000,000+¥7,060,000¥-14,620,000-6.9%-6.9%
2yr¥198,000,000+¥14,110,000¥-7,570,000-3.6%-1.8%
3yr¥198,000,000+¥21,170,000¥-510,000-0.2%-0.1%
4yr¥198,000,000+¥28,230,000+¥6,550,000+3.1%0.8%
5yr¥198,000,000+¥35,280,000+¥13,600,000+6.4%1.3%
6yr¥198,000,000+¥42,340,000+¥20,660,000+9.7%1.7%
7yr¥198,000,000+¥49,400,000+¥27,720,000+13.0%1.9%
8yr¥198,000,000+¥56,450,000+¥34,770,000+16.3%2.1%
9yr¥198,000,000+¥63,510,000+¥41,830,000+19.6%2.3%
10yr¥198,000,000+¥70,570,000+¥48,890,000+23.0%2.4%

Assumptions

  • Total investment ¥213,020,000 (price ¥198,000,000 + purchase costs ¥15,020,000)
  • Management fee and repair reserve: ¥1,331,474.4 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.)
¥15,020,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥6,600,000
Real Estate Acquisition Tax (est., rate varies by property type)¥4,750,000
Registration License Tax (title transfer)¥2,370,000
Stamp Duty (purchase agreement)¥60,000
Judicial Scrivener & Other Fees (est.)¥1,240,000

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

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