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Remodeled Office Units
For Lease
$500/Mo

4001 Penbrook, Odessa, TX 79762

Flexible office configurations are available in a professionally managed building with refreshed shared areas and amenities.

Space SizeContact for details
Days on Market13

Property Features for 4001 Penbrook

General Information

Standard status Active

Additional Details

Space Use Office

Building Details

Year Built 1977
Listing Agency: D.E. The Home Boss Group LLC
Listed By: Donavon Earl · License #809777
Source: Hauspg
Added: Aug 17 Changed: Aug 24 Last Checked: Aug 29 at 12:12PM

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.

Office units are available in a professionally managed building at 4001 Penbrook in Odessa, Texas. The property supports individual offices, combinations of offices, and custom suite build-outs, allowing businesses to select a configuration aligned with their requirements.

A full remodel is underway, including updates to the common areas and shared amenities. Built in 1977, the building is being repositioned with refreshed workplace spaces and collaborative areas. Available offices are identified on the property map by the absence of colored highlighting.

Key Highlights

  • Single‑office, multi‑office, and custom suite configurations available
  • Full building remodel currently underway
  • Updated common areas and shared amenities

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

$89.03 /SF/Yr
Avg Asking Price
$4.31–$240 /SF/Yr
Price Range
8,685 SF
Avg Space Size

This space is priced 44% below the average of $89.03 /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 - Flexible office configurations are available in a professionally managed building with refreshed shared areas and amenities.
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: Single‑office, multi‑office, and custom suite configurations available; Full building remodel currently underway; Updated common areas and shared amenities
More about this property
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