For SaleCondominium

Royal Heim Chiba

Sakaecho, Chuo-ku, Chiba City, Chiba Prefecture
  • Office use allowed
Asking Price
¥8,600,000
Est. Net Yield: 7.26%
Royal Heim Chiba - 1/2
1 / 2

Executive Summary

This is a 3rd-floor unit in Royal Heim Chiba, an 8-story SRC condominium built in June 1988, located in Sakaecho, Chuo-ku, Chiba City, Chiba Prefecture. Access is available via three stations: a 4-minute walk from Sakaecho Station on the Chiba Urban Monorail, a 5-minute walk from Higashi-Chiba Station on the Sobu Main Line, and a 10-minute walk from Chiba Station on the Sobu Main Line. The floor area is 18.5㎡ with a 1R layout, and office use is permitted. Shared facilities include an auto-lock security system, an elevator, and a bicycle parking area. Land rights are ownership, and the zoning is a Commercial Zone. The property is currently tenanted, with immediate handover available. Nearby facilities include a convenience store 930m away (a 12-minute walk).

Property Details

Building Area
18.5 ㎡
Layout
1R
Studio
Structure
SRC
Built Year
1988
Floors
Floor 3 of 8
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥840,000
Transport
  • Sakaecho Station
    Chiba Urban Monorail
    Walk 4 min
  • Higashi-Chiba Station
    Sobu Main Line
    Walk 5 min
  • Chiba Station
    JR Sobu Main Line
    Walk 10 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
Immediately

Land & legal restrictions

Land rights
Freehold
Zoning
Commercial zone

Building management

Management type
Self-managed
Building manager
Visiting
Management company
日本ビル・メンテナンス
Owners' association
Yes
Total units
32 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)
Within a published hazard area (expected flood depth 0.5–3 m)Rivers: 都川
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
Somewhat 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)
Commercial zone
Floor area ratio · Building coverage ratio
Floor area ratio 400% · Building coverage ratio 80%
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

栄町 (千葉都市モノレール)
About 555 passengers per day (FY2023)About 260 m in a straight line
東千葉 (東日本旅客鉄道)
About 5,526 passengers per day (FY2023)About 380 m in a straight line
葭川公園 (千葉都市モノレール)
About 2,199 passengers per day (FY2023)About 460 m in a straight line
Public elementary school district
院内小学校 (千葉市立)School districts are set by the municipality and may change.
Nearest elementary school
千葉市立院内小学校About 470 m in a straight line
Nearest junior high school
千葉市立椿森中学校About 1,020 m in a straight line
Nearest high school
植草学園大学附属高等学校About 660 m in a straight line
Nearest university, junior college or technical college
千葉大学About 1,360 m in a straight line
Nurseries and kindergartens
Within 500 m: 2 / within 1 km: 18
Nearest hospital (within 1 km)
医療法人社団普照会 井上記念病院About 670 m in a straight line / Hospitals within 1 km: 6
Clinics
Within 500 m: 18

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 78 people
2050 (estimate)
about 49 people (-36.5% vs 2025)
Share aged 65 and over
45.8% → 42.8% (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

Commercial land · about 129 m
¥297,000/㎡Prefectural land price survey · 7/1/2026 (+10.4% vs last year)
Commercial land · about 184 m
¥291,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+10.2% vs last year)
Commercial land · about 323 m
¥1,450,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+9.8% 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)
541 records · median ¥420,000 per ㎡ (middle half: ¥283,333 – ¥575,000)Records for all of 千葉市中央区 because the district could not be narrowed (used condominiums etc.)

Recent records with a similar floor area

2026 Q1
¥26,000,000・20 ㎡・1KTransaction price information (survey-based)
2025 Q4
¥6,000,000・20 ㎡・1K・built 1993Contract price information
2025 Q4
¥3,800,000・20 ㎡・1R・built 1988Contract price information
2025 Q4
¥3,200,000・20 ㎡・1R・built 1988Contract price information
2025 Q4
¥4,500,000・20 ㎡・1DK・built 1984Contract 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

Gross Yield9.77%
Est. Net Yield7.26%

Based on the rent under the current lease.

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

Gross Yield
9.77%
Est. Net Yield
7.26%
If sold after 10 years (before tax)
Annual return (IRR)
6.4%
Net gain
+¥5,710,000
Gain on total investment +61.5%
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¥8,600,000+¥670,000¥-360,000-3.8%-3.8%
2yr¥8,600,000+¥1,350,000+¥320,000+3.4%1.8%
3yr¥8,600,000+¥2,020,000+¥990,000+10.7%3.7%
4yr¥8,600,000+¥2,700,000+¥1,670,000+18.0%4.7%
5yr¥8,600,000+¥3,370,000+¥2,340,000+25.2%5.3%
6yr¥8,600,000+¥4,040,000+¥3,010,000+32.5%5.7%
7yr¥8,600,000+¥4,720,000+¥3,690,000+39.8%5.9%
8yr¥8,600,000+¥5,390,000+¥4,360,000+47.0%6.1%
9yr¥8,600,000+¥6,060,000+¥5,030,000+54.3%6.3%
10yr¥8,600,000+¥6,740,000+¥5,710,000+61.5%6.4%

Assumptions

  • Total investment ¥9,274,800 (price ¥8,600,000 + purchase costs ¥674,800)
  • Management fee and repair reserve: ¥120,000 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.)
¥674,800
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥349,800
Real Estate Acquisition Tax (est., rate varies by property type)¥150,000
Registration License Tax (title transfer)¥70,000
Stamp Duty (purchase agreement)¥5,000
Judicial Scrivener & Other Fees (est.)¥100,000

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

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