Overview of Raionzumanshon Toku Shima Sako Ichibanchou (ライオンズマンション徳島佐古一番町)
Raionzumanshon Toku Shima Sako Ichibanchou (ライオンズマンション徳島佐古一番町) is a 36-year-old condominium located at Toku Shima Shi Sako Ichibanchou 12-7 (徳島市佐古一番町12-7), Tokushima, Japan. Built in 1990, it comprises 51 units in a Reinforced Concrete (RC) structure. It was constructed by Kumagaigumi , Himeno Kumi (熊谷組、 姫野組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥16.7万/sqm (approx. $1,111/sqm or $103/sqft).
Location & Neighborhood
The property is located at Toku Shima Shi Sako Ichibanchou 12-7 (徳島市佐古一番町12-7), Tokushima, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 51 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
Analyze this property's fair price and negotiation room for free at RE:public.