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I'm looking at your quest vicariously as I'm in a similar boat. I think the estimates of $150k and more are ludicrous. For myself, I'm not building that kind of studio. If you fall into kind of a similar boat as me -- I should keep my mouth shut because I have no idea what you are trying to achieve.
But I have 800 sq ft for $600 a month. It's a warehouse kind of space in the back ally of a small shopping mall. I'm spending about $800 - 1,000 to build a nice iso booth. Another $500 to build another iso booth. No floating floor. Certain walls are doubled with space in between. Open control room. Nothing fancy. Nothing expensive.
I think in this business you MUST think big and start small, otherwise you fold early.
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