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Three-storey steel-framed shop house seen from the street, with a wide open shopfront at ground level and rendered upper floors
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Street elevation and shopfront

Selected images and diagrams are reproduced from materials provided through the listing partner.

3LDK + ground-floor unit
Layout
May 2008
Year Built
Approx. 11 min
To Tabata Station (JR Yamanote Line)
Tenanted
Occupancy

Property Description

This is a whole freehold building at 4-21-10 Honkomagome in Bunkyo Ward, eleven minutes on foot from Tabata Station on the JR Yamanote Line. It is a steel-framed building of three storeys completed in May 2008, with a total floor area of 195.88 sq m standing on 115.49 sq m of freehold land — a little under thirty-five tsubo. The listing records it as a shop with residence, sold with the tenancy in place.

The floor plan draws the ground floor as a built-in garage, and the photographs show that space fitted out and in use: a wide opening straight onto the street, recessed downlights, a ceiling-cassette air conditioner and a levelled floor, with a small lobby behind it carrying an internal glazed window and a washbasin. Above it, the second floor is given over to a single living, dining and kitchen room running the depth of the building, with an island kitchen, windows down one side and balconies at both ends. The third floor holds three rooms, a bathroom separate from the WC, and a further balcony. A tiled utility room with open shelving, a hanging rail and an indoor laundry space sits at ground level.

The building faces south-east onto a 4.0 metre public road, and the site is zoned Category I Residential District at 60% coverage and 160% floor area ratio. The listing material states no rent and no yield figure, so the current rental income, the lease terms and how the ground floor and the upper floors are let are all confirmed on enquiry.

Property Details

Property TypeShop with Residence (Whole Building)
Asking PriceJPY 250,000,000
Address4-21-10 Honkomagome, Bunkyo-ku, Tokyo
Nearest StationTabata Station (JR Yamanote Line)
Walking DistanceApprox. 11 min
AccessThe same station is served by the JR Keihin-Tohoku and Negishi Lines · Nishi-Nippori Station (JR Yamanote Line) approx. 13 min on foot
Land Area115.49 sq m (34.93 tsubo), registered
Building Area195.88 sq m, total floor area
Building StructureSteel frame, 3 storeys
Year BuiltMay 2008
Layout3LDK + ground-floor unit
Main AspectSouth-east
ZoningCategory I Residential District, urbanisation promotion area
Building Coverage Ratio60%
Floor Area Ratio160%
Land CategoryResidential land
Road FrontageSouth-east, 4.0 m public road
Building FacilitiesSeparate bathroom and WC, open kitchen, storage, indoor laundry space, air conditioning, electric shutter
ParkingDrawn as a built-in garage on the floor plan; current use confirmed on enquiry
TenureFreehold Ownership
OccupancyTenanted — owner-change sale
HandoverBy negotiation
Listing TypePartner Listing

Areas are the registered figures from the listing material and remain subject to verification. The layout is read from the floor plan; the listing material leaves the layout field blank.

Income

Occupancy
Tenanted — owner-change sale
Current Rental Income
Provided on enquiry
Indicative Gross Yield
Not stated in the listing material
Lease Terms and Rent Roll
Provided on enquiry
Handover
By negotiation

The building is sold with the tenancy in place. The listing material records the property as tenanted but states no rent and no yield, so no income figure or yield is published here.

The rent roll, the lease terms and how the ground floor and the residential floors are let are released on qualified enquiry, subject to the listing partner.

Location, Transit & Everyday Convenience

The building stands in Honkomagome 4-chome in Bunkyo Ward, on the quiet north-eastern edge of the ward where it meets Kita and Arakawa. The listing material records Tabata Station at approximately eleven minutes on foot and Nishi-Nippori Station at approximately thirteen.

Tabata is on the JR Yamanote Line, the loop that connects Tokyo, Shinagawa, Shibuya, Shinjuku, Ikebukuro and Ueno, and the same platforms are served by the JR Keihin-Tohoku and Negishi Lines. Nishi-Nippori adds the Tokyo Metro Chiyoda Line, the Toei Nippori-Toneri Liner and the Keisei Line, which through-runs toward Narita Airport. Journey times vary with the service and any changes, so none are stated here.

Bunkyo is one of central Tokyo's established residential wards — the seat of the University of Tokyo, of Koishikawa Korakuen and Rikugien, and of a school catchment that families move into deliberately. Honkomagome sits between Komagome and Hakusan on the northern side of it, a low-rise neighbourhood of houses and small buildings rather than towers.

The map indicates the location of the property. Walking times above are as stated in the listing material.

Open in Google Maps

Bunkyo Ward Land Price Trends

Land in Bunkyo Ward rose sharply in the Reiwa 8 (2026) Official Land Price Survey. Residential land in the ward rose 13.8% against 9.0% for the twenty-three wards taken together, and commercial land rose 17.8% against 13.8% for the wards as a whole.

That 17.8% is the second highest commercial figure of all twenty-three wards, behind Taito at 19.1% and ahead of Nakano and Suginami at 17.5%. It is also a marked acceleration on Bunkyo's own 12.8% of the previous year. Across all uses the ward rose 16.0%.

For a building that is part shop and part residence on freehold land, both halves of that picture matter: the survey measures the land, which is the part of this purchase that does not depreciate.

Bunkyo Ward, average change on the previous year · Reiwa 8 Official Land Price Survey
+13.8%
Residential Land, Bunkyo Ward
+17.8%
Commercial Land, Bunkyo Ward
+16.0%
All Uses, Bunkyo Ward

These figures describe Bunkyo Ward as a whole, not this individual property. They are the average change across the survey's standard sites in the ward, they are not an appraisal of this address, and they do not guarantee future rent, value or performance.

Source: Tokyo Metropolitan Government, Bureau of Finance — Outline of the Reiwa 8 Official Land Price Announcement (Tokyo), Valuation date 1 January 2026, published 17 March 2026

Our Observations

The address is the first thing to look at. Bunkyo is an established central ward with a long-standing residential reputation, and this is a whole freehold building on nearly thirty-five tsubo of it, eleven minutes from a Yamanote Line station. Land is the durable part of a purchase like this, and Bunkyo land moved 13.8% residential and 17.8% commercial in this year's survey — the second highest commercial figure among the twenty-three wards.

The building itself is a practical size rather than a project. It was completed in May 2008 in steel frame, so it was built well inside the current seismic code, and it is already configured for two uses: a ground floor opening straight onto the street, fitted with commercial lighting and a ceiling cassette, and two residential floors above it with a full living, dining and kitchen level and three rooms over that. A building that can be let, occupied, or both is a flexible thing to own.

The figure to press on is the income. The listing records the property as tenanted in an owner-change sale but publishes no rent and no yield, so there is nothing to calculate from until the rent roll is released. The lease terms, how the shop and the residence are let, and the handover arrangement can be confirmed on enquiry, and they are the right first questions to ask.

Important Notes

  • This is a partner listing. Property information is based on materials supplied through a Japanese real estate partner.
  • Availability, price and other terms may change, or the property may be withdrawn, without notice.
  • The property is sold with the tenancy in place. The listing material states no rental income and no yield, and none is published here. Any income figure provided later is subject to verification against the leases.
  • The layout is read from the floor plan supplied with the listing material; the listing's own layout field is blank. Areas are registered figures and remain subject to survey.
  • Property ownership in Japan does not by itself provide visa or residency rights.

Listing & Transaction Information

Listing Status
Introduced through a Japanese real estate partner
Brokerage services are provided through
International Interface Co., Ltd.
Tokyo Governor's Licence (3) No. 96857
RE/MAX INTERFACE
Agent: Kenichi Aoki

This property is introduced through a Japanese real estate partner. Availability, price and property details remain subject to confirmation at the time of enquiry.

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