Hashimoto Building: A Commercial Investment Opportunity in Sapporo
This property is the Hashimoto Building, a three-story steel-framed commercial office building located at 3-chome, Sakaemichi, Shiroishi Ward, Sapporo City, Hokkaido. Built in January 1980, the building offers a total floor area of 315.45 square meters (approximately 95.42 tsubo) on a land area of 190 square meters (approximately 57.47 tsubo). The property is situated in a Quasi-Residential zone with a building-to-land ratio of 60% and a floor area ratio of 300%.
The building is currently tenanted, with a total of three units (all offices), two of which are occupied as of February 2026. The current annual rental income is 2,640,000 yen, yielding a current surface return of approximately 5.55%. The estimated annual rental income at full occupancy is 3,960,000 yen, which would provide an estimated yield of approximately 8.33% based on the asking price of 47,500,000 yen. The property features a snow-melting tank, a front road width of over 6 meters, and is a 14-minute walk from the Shiroishi Station on the Sapporo Municipal Subway Tozai Line.
Critical Agent Notes (Translated from Japanese): The yield is the ratio of annual rental income (including common service fees, etc.) to the sales price, and is calculated before deducting public charges and other expenses necessary to maintain the property. Furthermore, the estimated rent and estimated yield are calculated based on market rent, adding rent for vacant units to assume full occupancy. Rental income is not guaranteed to be reliably obtained in the future. (Survey date: As of February 12, 2026). Additional note: The property is currently leased (tenant lease agreement transfer required).
The Shiroishi Ward area offers convenient urban living with excellent access to central Sapporo via the subway. An interesting local fact is that the nearby Shiroishi Koen (Shiroishi Park) is built around the historic site of the Shiroishi Castle, a key fortress of the Matsumae clan during the Edo period. The closest major landmark is the iconic Sapporo Dome, a multi-purpose stadium famous for hosting events during the 2002 FIFA World Cup and home to the Hokkaido Consadole Sapporo football team, located just a few subway stops away.
