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Remodeled Office Units
For Lease
$550/Mo

4001 Penbrook, Odessa, TX 79762

Flexible configurations include individual offices, multi-office arrangements, and custom suite build-outs.

Space SizeContact for details
Days on Market9

Property Features for 4001 Penbrook

General Information

Standard status Active

Space & Availability

Divisible Yes
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 21 Changed: Aug 22 Last Checked: Aug 29 at 12:22PM

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 for lease at Permian Business Center, with configurations ranging from individual offices to multi-office arrangements and custom suite build-outs. The property is undergoing a full remodel, including updates to the building’s common areas and shared amenities.

Permian Business Center is located at 4001 Penbrook, Odessa, TX 79762. The building was constructed in 1977.

Key Highlights

  • Full remodel currently underway
  • Individual offices, multi‑office arrangements, and custom suite build‑outs available
  • Updated common areas and shared amenities planned

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
$8.25 /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 38% 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 configurations include individual offices, multi-office arrangements, and custom suite build-outs.
Where is this office units located?
The property is located at 4001 Penbrook Odessa, TX.
What is the lease rate?
The lease rate is $550/Mo.
What are key features of this property?
This property features: Full remodel currently underway; Individual offices, multi‑office arrangements, and custom suite build‑outs available; Updated common areas and shared amenities planned
More about this property
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