Overview of Naisuaaban Yamatochou Puraza (ナイスアーバン大和町プラザ)
Naisuaaban Yamatochou Puraza (ナイスアーバン大和町プラザ) is a 34-year-old condominium located at Sendaishi Wakabayashiku Yamatochou 5 Choume 11-32 (仙台市若林区大和町5丁目11-32), Miyagi, Japan. Built in 1992, it comprises 80 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Dainippon Doboku (大日本土木).
Pricing & Floor Plans
Based on 45 past listings, prices have ranged from 980〜3,198万円 (approx. $65,333–$213,200 USD at ¥150/$).
Unit sizes range from 62.0–74.8 sqm (667–805 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥38.2万/sqm (approx. $2,545/sqm or $236/sqft).
Location & Neighborhood
The property is located at Sendaishi Wakabayashiku Yamatochou 5 Choume 11-32 (仙台市若林区大和町5丁目11-32), Miyagi, Japan. It is a 4-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 80 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.
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