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Property profile & analytics
FOR SALE
Strip malls
2908 Epperly Dr Del City, OK 73115
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US69-1347521
For Sale
1 / 52
$2,990,000
2908 Epperly Dr, Del City, OK 73115
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,532 SF
Lot
0.2 ac (8,756 SF)
APN
15-365-5705
UPID
US69-1347521
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$575k
Owner & transaction history
Castle Row Studios LLC · 2 yrs held
Castle Row Studios LLC
since 2024
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$940,000
+22.1%
Retail stores
$835,000
+8.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Del City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Del City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Current use
COMMERCIAL (GENERAL)
$940,000
Change: +22% · Conversion: Easy
RETAIL STORES
$835,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$88 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,135
Tax year 2023
Assessed value
$36,768
Assessed 2023
Previous assessed
$35,017
+5.0% YoY
Effective rate
11.25%
On assessed value
Assessed land
$2,698
Assessed improvement
$34,070
Land market value
$28,486
Improvement market value
$359,699
Total market value
$388,185
Applied tax rate
652.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
6,532 SF
Lot
0.2 ac (8,756 SF)
APN
15-365-5705
UPID
US69-1347521
Jurisdiction
OKLAHOMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$940,000
RETAIL STORES
Est. value
$835,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Castle Row Studios LLC
Entity
Mailing address
2908 EPPERLY DR, DEL CITY, OK 73115-3322
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2024
—
Castle Row Studios LLC
—
Deed
related
$2,500,000 · Great Plains National Bank
Oct 24, 2022
—
Astie Row Studios LLC
—
Deed
related
$10,000,000 · Great Plains National Bank
Feb 24, 2020
—
Castle Row Studios LLC
—
Deed
related
$1,707,908 · Banccentral NA
Oct 12, 2016
—
Castle Row Studios LLC
—
Deed
related
$1,857,565 · Farmers Exchange Bank
—
—
Castle Row Studios LLC
—
Deed Of Trust
related
$1,707,908 · Banccentral NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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