For SaleCondominium

Token New Heights Kemigawa Building No. 2

Isobe 5-chome, Mihama-ku, Chiba-shi, Chiba
  • Private garden
Asking Price
¥13,800,000
Token New Heights Kemigawa Building No. 2 - 1/15
1 / 15

Executive Summary

This is Token New Heights Kemigawa Building No. 2, a 5-story reinforced concrete condominium built in February 1979, located in Isobe 5-chome, Mihama-ku, Chiba-shi, Chiba. Transportation is a 5-minute walk from Kemigawahama Station on the Keiyo Line. The subject unit is a southeast-facing 4DK on the 1st floor, with a floor area of 74.5 sqm, a balcony area of 12.72 sqm, a private garden, and city gas service. The interior has been cleaned and the wallpaper has been replaced. Land rights are ownership, and the zoning is designated as Category I Medium-and-High-Rise Residential Zone and Category I Residential Zone. The current status is vacant, and the delivery date is negotiable. Surrounding facilities include restaurants at 264 m (4-minute walk), convenience stores at 312 m (4-minute walk), commercial facilities at 364 m (5-minute walk), and banks at 529 m (7-minute walk). The property was constructed by Taisei Prefab Co., Ltd., has a total of 190 units, and includes parking. Please note that there are disclosure matters regarding this property, and the transaction will be conducted on an as-is basis with disclaimer of liability for fixtures and equipment.

Property Details

Building Area
74.5 ㎡
Layout
4DK
4 bedrooms + dining kitchen
Structure
RC
Built Year
1979
Floors
Floor 1 of 5
Earthquake Std.
Old Seismic Standard
Transport
  • Kemigawahama Station
    Keiyo Line
    Walk 5 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Negotiable

Land & legal restrictions

Site area (whole building)
13,347.5 ㎡
Land rights
Freehold
Zoning
Category 1 mid/high-rise residential zone / Category 1 residential zone

Costs besides the price

Parking
Yes

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
東京建物アメニティサポート
Owners' association
Yes
Total units
190 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
Within a published hazard area (expected flood depth 1–3 m)
Tsunami
Not within a published hazard area
Landslide
Not within a published hazard area
Liquefaction
Very likely 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%

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

検見川浜 (東日本旅客鉄道)
About 28,938 passengers per day (FY2023)About 240 m in a straight line
Public elementary school district
磯辺小学校 (千葉市立)School districts are set by the municipality and may change.
Nearest elementary school
千葉市立磯辺小学校About 380 m in a straight line
Nearest junior high school
千葉市立磯辺中学校About 450 m in a straight line
Nearest high school
千葉県立検見川高等学校About 480 m in a straight line
Nearest university, junior college or technical college
東京歯科大学About 1,180 m in a straight line
Nurseries and kindergartens
Within 500 m: 6 / within 1 km: 10
Nearest hospital (within 1 km)
千葉県救急医療センターAbout 900 m in a straight line / Hospitals within 1 km: 1
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 2,226 people
2050 (estimate)
about 1,751 people (-21.3% vs 2025)
Share aged 65 and over
33.3% → 41.1% (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 496 m
¥220,000/㎡Prefectural land price survey · 7/1/2026 (+7.3% vs last year)
Residential land · about 614 m
¥200,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+6.4% vs last year)
Residential land · about 732 m
¥207,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+6.2% 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)
127 records · median ¥200,000 per ㎡ (middle half: ¥146,410 – ¥424,265)Records for Isobe 5-chome, Mihama-ku, Chiba-shi (used condominiums etc.)

Recent records with a similar floor area

2026 Q1
¥24,000,000・70 ㎡・3LDK・built 1979Transaction price information (survey-based)
2026 Q1
¥36,000,000・70 ㎡・3LDK・built 2021Transaction price information (survey-based)
2026 Q1
¥18,000,000・70 ㎡・3LDK・built 1978Transaction price information (survey-based)
2026 Q1
¥14,000,000・70 ㎡・3LDK・built 1978Contract price information
2026 Q1
¥18,000,000・80 ㎡・3LDK・built 1979Contract 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: 10/15/2026

Location & Map

Investment Analysis

Yield figures for this property are provided once rental terms are confirmed. Please contact us.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
5.00%
Est. Net Yield
2.23%

The annual rent below is an assumption for this simulation, not rental data for this property. Adjust the slider to explore scenarios.

If sold after 10 years (before tax)
Annual return (IRR)
1.2%
Net gain
+¥1,760,000
Gain on total investment +11.9%
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¥13,800,000+¥330,000¥-1,220,000-8.2%-8.2%
2yr¥13,800,000+¥660,000¥-890,000-6.0%-3.1%
3yr¥13,800,000+¥990,000¥-560,000-3.8%-1.3%
4yr¥13,800,000+¥1,320,000¥-230,000-1.5%-0.4%
5yr¥13,800,000+¥1,650,000+¥100,000+0.7%0.1%
6yr¥13,800,000+¥1,990,000+¥430,000+2.9%0.5%
7yr¥13,800,000+¥2,320,000+¥760,000+5.2%0.8%
8yr¥13,800,000+¥2,650,000+¥1,090,000+7.4%1.0%
9yr¥13,800,000+¥2,980,000+¥1,430,000+9.6%1.1%
10yr¥13,800,000+¥3,310,000+¥1,760,000+11.9%1.2%

Assumptions

  • Total investment ¥14,821,400 (price ¥13,800,000 + purchase costs ¥1,021,400)
  • Management fee and repair reserve: ¥321,120 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.)
¥1,021,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥521,400
Real Estate Acquisition Tax (est., rate varies by property type)¥240,000
Registration License Tax (title transfer)¥120,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥130,000

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

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Book a Private Viewing or Online Consultation

Choose from open times. Online consultations are confirmed right away and we send you a confirmation email. Live viewings from the property and in-person visits are confirmed after we check that the property can be viewed.

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Submit a Purchase Offer (LOI) for This Property

Send us your preferred price and closing timing. After you apply, you will move on to online identity verification (passport IC chip scan and proof of address) and electronic signing of the purchase agreement. You can follow the progress on My Page.

Identity verification under Japan's Act on Prevention of Transfer of Criminal Proceeds (online check and a code sent by international registered mail)
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