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Office Units Under Remodel
New
For Lease
$625/Mo

4001 Penbrook, Odessa, TX 79762

SINGLE_FAMILY - Odessa, TX

Space SizeContact for details
Days on Market2

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 Last Checked: Aug 12 at 6:06PM
MLS# 176818

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.

Office units are available in multiple configurations, including individual offices, collections of offices, and customized suite build-outs. The property is undergoing a full remodel, with updates planned for the shared areas and common amenities. The listed property size is 120 square feet.

Located at 4001 Penbrook in Odessa, Texas, the building is positioned within the West Texas market. Originally built in 1977, the property features stucco construction, a flat roof, and chain-link fencing. The office setting is suited to businesses seeking a choice of private office formats within a renovated commercial building.

Key Highlights

  • Office units offered in single‑office, multi‑office, and custom suite configurations
  • Full property remodel currently underway
  • 120 square feet of listed property size

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
$9.38 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

811
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

$98.05 /SF/Yr
Avg Asking Price
$4.31–$240 /SF/Yr
Price Range
10,580 SF
Avg Space Size

This space is priced 36% below the average of $98.05 /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
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Frequently Asked Questions

What type of property is this?
Office units - Flexible layouts range from individual offices to multi-office suites and customized 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 $625/Mo.
What are key features of this property?
This property features: Office units offered in single‑office, multi‑office, and custom suite configurations; Full property remodel currently underway; 120 square feet of listed property size
More about this property
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