2908 Epperly DrDel City, OK 73115

Property Details for 2908 Epperly Dr

Year built

1945

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.20 AC

Property size (Sq ft)

6,532 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

15-365-5705

APU

153655705

Description

This exceptional 10,600 square foot, two-story facility in Del City, Oklahoma, is a versatile space ideally suited for a variety of uses. Originally built in 1945 as a movie theater and extensively renovated in 2015 by renowned acoustic designer Steven Durr, it boasts exceptional sound isolation and acoustic tuning. The property features a dedicated Cox fiber internet connection and is perfect for high-quality audio recording, TV and film post-production, and live events. Its adaptable design allows for use as a commercial or private recording studio, live performance venue, church, or educational space. The building also includes a small retail space currently occupied by a vinyl record store. The property sits on a single building, zoned commercial, with a 20.5 ft ceiling height. Detailed architectural plans and a full list of optional studio equipment are available. The asking price is $2,990,000, with a price per square foot of $282.08. The property is vacant and offered under a NNN lease. The property is comprised of two units and is owned by Caste Row Studios LLC.

• CAP approach

  CAP return

  Valuation

  6%

  $1,607,800

  6.5%

  $1,484,123

  7%

  $1,378,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,980,544

  Geo Method

  $1,980,544

• Alternative Use

  Use

  Valuation

  Residential

  $1,251,913

  Hospitality

  $1,146,746

  Educational

  $954,079

  Medical

  $986,891

  Retail

  $1,484,123

Location Insight

City

Del City

County

Oklahoma

State

Oklahoma

Latitude

35.4359

Longitude

-97.4372

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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