Kagamizu, Naha City, Okinawa Prefecture
$668,800USD
Closest Railway Line / Station:
Nearest konbini:
Lawson:
8 minute(s) walk
Family Mart:
8 minute(s) walk
Closest International Airport:
Located in the Kagamizu district of Naha City, this strategic military land investment opportunity offers 389 square meters of prime real estate. The property currently generates an impressive rental yield with a land lease rate of approximately 57 times the base value, providing a stable annual income of ¥1,708,908.
A notable feature of this investment is its 1.02% annual appreciation rate as of 2023, demonstrating steady value growth. The property is classified as prospective residential land, though currently registered as agricultural land, and will be transferred after the land classification change is completed.
With no scheduled return plans and situated in a prime location near Naha Airport, this property represents a secure long-term investment opportunity. The annual fixed asset tax is ¥148,675 (2024), with a modest landowner association fee of ¥10,253 per year. The property's strategic location and stable income potential make it an attractive investment in Okinawa's real estate market.
Property Details
| Location | Kagamizu, Naha City, Okinawa Prefecture |
| Price | ¥97,400,000 |
| Land Area | 389 m² (117.67 tsubo) |
| Property Type | Military Land (Prospective Residential) |
| Annual Rental Income | ¥1,708,908 |
| Annual Property Tax | ¥148,675 |
| Location Highlights | Close to Naha Airport and Naha Military Training Ground. Kagamizu is a strategically important area in Naha City, known for its proximity to both military facilities and civilian infrastructure. The nearest major landmark is Naha Airport, making this location particularly valuable for its accessibility. |