For SaleCondominium

Capital Heights

Heiwa-cho, Isesaki-shi, Gunma
Asking Price
¥3,330,000
Est. Net Yield: 9.11%
Capital Heights - 1/2
1 / 2

Executive Summary

This 4th-floor unit is located in Capital Heights, a 7-story reinforced concrete (RC) condominium building constructed in July 1981 in Heiwa-cho, Isesaki-shi, Gunma. The property is an 8-minute walk from Isesaki Station on the Tobu Isesaki/Daishi Line, an 11-minute walk from Isesaki Station on the Ryomo Line, and an 11-minute walk from Shin-Isesaki Station on the Tobu Isesaki/Daishi Line. It is a south-facing 2DK layout with a floor area of 43.4 sqm and a balcony area of 5.28 sqm, equipped with air conditioning, parking, and free bicycle parking. Interior renovations (walls and ceiling cloth, paint, etc.) were completed in January 2021. The land rights are ownership, and the zoning is Neighborhood Commercial Zone. The property is currently tenanted, with immediate handover available. Nearby facilities include a convenience store (157 m, 2-minute walk), restaurants (258 m, 4-minute walk), commercial facilities (499 m, 7-minute walk), an elementary school (697 m, 9-minute walk), and a post office (950 m, 12-minute walk).

Property Details

Building Area
43.4 ㎡
Layout
2DK
2 bedrooms + dining kitchen
Structure
RC
Built Year
1981
Floors
Floor 4 of 7
Earthquake Std.
To be confirmed
Est. Annual Rent
¥480,000
Transport
  • Isesaki Station
    Tobu Isesaki / Daishi Line
    Walk 8 min
  • Isesaki Station
    JR Ryomo Line
    Walk 11 min
  • Shin-Isesaki Station
    Tobu Isesaki / Daishi Line
    Walk 11 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
Neighborhood commercial zone

Costs besides the price

Other costs
区費: ¥700 per month
Parking
Yes

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
キャピタルハイツ管理組合
Owners' association
Yes
Total units
42 units

Utilities & nearby

To elementary school
about 697 m
To junior high school
about 2888 m

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: 粕川、広瀬川
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)
Neighborhood commercial zone
Floor area ratio · Building coverage ratio
Floor area ratio 200% · 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

伊勢崎 (東武鉄道)
About 6,390 passengers per day (FY2023)About 360 m in a straight line
伊勢崎 (東日本旅客鉄道)
About 10,990 passengers per day (FY2023)About 460 m in a straight line
新伊勢崎 (東武鉄道)
About 1,071 passengers per day (FY2023)About 630 m in a straight line
Public elementary school district
北小学校 (伊勢崎市立)School districts are set by the municipality and may change.
Nearest elementary school
伊勢崎市立北第二小学校About 570 m in a straight line
Nearest junior high school
群馬県立みらい共創中学校About 1,360 m in a straight line
Nearest high school
群馬県立伊勢崎工業高等学校About 400 m in a straight line
Nurseries and kindergartens
Within 500 m: 2 / within 1 km: 7
Clinics
Within 500 m: 8

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 290 people
2050 (estimate)
about 205 people (-29.1% vs 2025)
Share aged 65 and over
39.5% → 44.2% (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 358 m
¥56,000/㎡Prefectural land price survey · 7/1/2026 (+0.5% vs last year)
Commercial land · about 476 m
¥57,800/㎡Prefectural land price survey · 7/1/2026 (-0.5% vs last year)
Commercial land · about 476 m
¥58,000/㎡Official land price (Land Price Publication) · 1/1/2026 (-0.5% 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)
10 records · median ¥97,000 per ㎡ (middle half: ¥58,242 – ¥213,961)Records for all of 伊勢崎市 because the district could not be narrowed (used condominiums etc.)

Recent records with a similar floor area

2026 Q1
¥4,200,000・50 ㎡・2LDK・built 1991Contract price information
2025 Q2
¥5,500,000・50 ㎡・3LDK・built 1991Transaction price information (survey-based)
2025 Q2
¥2,600,000・50 ㎡・2DK・built 1991Transaction price information (survey-based)
2025 Q2
¥7,000,000・55 ㎡・2LDK・built 2008Contract price information
2025 Q3
¥2,300,000・60 ㎡・3LDK・built 1990Transaction price information (survey-based)

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 Yield14.41%
Est. Net Yield9.11%

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
14.41%
Est. Net Yield
9.11%
If sold after 10 years (before tax)
Annual return (IRR)
7.6%
Net gain
+¥2,660,000
Gain on total investment +70.0%
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¥3,330,000+¥350,000¥-460,000-12.0%-12.0%
2yr¥3,330,000+¥690,000¥-110,000-2.9%-1.5%
3yr¥3,330,000+¥1,040,000+¥240,000+6.2%2.2%
4yr¥3,330,000+¥1,390,000+¥580,000+15.4%4.2%
5yr¥3,330,000+¥1,730,000+¥930,000+24.5%5.3%
6yr¥3,330,000+¥2,080,000+¥1,280,000+33.6%6.1%
7yr¥3,330,000+¥2,430,000+¥1,620,000+42.7%6.7%
8yr¥3,330,000+¥2,770,000+¥1,970,000+51.8%7.1%
9yr¥3,330,000+¥3,120,000+¥2,320,000+60.9%7.4%
10yr¥3,330,000+¥3,460,000+¥2,660,000+70.0%7.6%

Assumptions

  • Total investment ¥3,801,000 (price ¥3,330,000 + purchase costs ¥471,000)
  • Management fee and repair reserve: ¥107,160 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.)
¥471,000
Brokerage fee (special rule for properties of ¥8M or less: flat ¥300,000 plus consumption tax)¥330,000
Real Estate Acquisition Tax (est., rate varies by property type)¥50,000
Registration License Tax (title transfer)¥20,000
Stamp Duty (purchase agreement)¥1,000
Judicial Scrivener & Other Fees (est.)¥70,000

For properties of ¥8M or less, the brokerage fee is a flat ¥330,000 including tax under a special rule in the regulations (explained when you sign the brokerage agreement).

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

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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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