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Remodeled Office Space in Center
For Lease
$499/Mo

4001 Penbrook, Odessa, TX 79762

Professionally managed office suites are available in a building currently undergoing a full remodel.

Space SizeContact for details
Days on Market51

Property Features for 4001 Penbrook

General Information

Standard status Active

Building Details

Year Built 1977
Listing Agency: D.E. The Home Boss Group LLC
Listed By: Donavon Earl · License #809777
Source: Hauspg
Added: Jul 16 Changed: Sep 3 Last Checked: Sep 4 at 9:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of D.E. The Home Boss Group LLC

Investment Insights

Based on property information with market context.

Permian Business Center is now leasing office space in a professionally managed building that is currently undergoing a full remodel. Suites may be configured as single offices, multiple offices, or custom build-outs designed to fit business needs. The property will feature updated common areas and shared amenities as part of the remodeling.

The address is 4001 Penbrook in Odessa, Texas. Offices shown on the map that are not highlighted in color are currently available.

Suites can be selected based on your space requirements, with options ranging from single offices to multi-office and custom suite configurations.

Key Highlights

  • Professionally managed office suites in Permian Business Center
  • Building is currently undergoing a full remodel
  • Year built: 1977

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
$6.24 /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 52% 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
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Frequently Asked Questions

What type of property is this?
Office units - Professionally managed office suites are available in a building currently undergoing a full remodel.
Where is this office units located?
The property is located at 4001 Penbrook Odessa, TX.
What is the lease rate?
The lease rate is $499/Mo.
What are key features of this property?
This property features: Professionally managed office suites in Permian Business Center; Building is currently undergoing a full remodel; Year built: 1977
More about this property
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