Search
Office Units with Custom Build-Outs
For Lease
$500/Mo

4001 Penbrook, Odessa, TX 79762

Commercial Sale, Odessa, TX

Space SizeContact for details
Days on Market25

Property Features for 4001 Penbrook

General Information

Property type Residential
Property subtype Office
Fencing Chain Link
Subdivision Winwood
Lot features Lighted Parking, Corner Lot
Standard status Active
APN 36800.01610.00000
Size 120 SF

Taxes and HOA fees

Tax Annual Amount 0

Building Details

Year built 1977
Building materials Stucco
Roof type Flat
Listing Agency: D.E. The Home Boss Group LLC
Listed By: Donavon Earl · License #809777
Added: Aug 11 Changed: Aug 20 Last Checked: Sep 4 at 8:06AM
MLS# 176820

Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Permian Business Center is leasing office units in a professionally managed building at 4001 Penbrook in Odessa. Available configurations range from individual offices to multiple-office arrangements, with custom suite build-outs available for businesses seeking a tailored layout. The property is undergoing a full remodel, including improvements to shared areas and common amenities.

The building contains 120 square feet of property space and was constructed in 1977. Exterior construction is stucco, with a flat roof and chain-link fencing. The property is located in Odessa, Texas, within Ector County.

Key Highlights

  • Office configurations include single offices, multiple offices, and custom suite build‑outs
  • Full remodel underway with updates planned for shared areas and amenities
  • 120 square feet of property space

Property Analytics

Current Use

Ranger Guard Security Service KBOLA LLC Freight Service Thriveworks Counseling & Psychiatry ... Counselor Basin Plumbing HVAC Service Rachel Brooke Photography (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Electrical Service Parking Lot & Garage Home Appliance Store Daycare Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$7.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,186
Businesses Nearby

Demographics for 79762, TX

40,253
Population
17,259
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
30.5 sq mi
ZIP Area
1,320
Density / Sq Mi
$74,560
Median Household Income
$45,151
Median Earnings
$1,338
Median Rent
$218,900
Median Home Value

Market

Lease Benchmarks for Odessa, TX

$87.28 /SF/Yr
Avg Asking Price
$4.31–$240 /SF/Yr
Price Range
8,725 SF
Avg Space Size

This space is priced 43% below the average of $87.28 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - Flexible configurations accommodate individual offices, combined suites, and tailored workspace layouts.
Where is this office units located?
The property is located at 4001 Penbrook Odessa, TX.
What is the lease rate?
The lease rate is $500/Mo.
What are key features of this property?
This property features: Office configurations include single offices, multiple offices, and custom suite build‑outs; Full remodel underway with updates planned for shared areas and amenities; 120 square feet of property space
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message