Flexible Office
For Sale
Contact for pricing
4001 Penbrook #314, Odessa, TX 79762
Options include individual offices, multi-office configurations, and tailored suite layouts.
Property Size168 SF
Price / SF$2.98
Days on Market85
Property Features for 4001 Penbrook #314
General Information
Standard status
Active
Size
168 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Building Details
Building Size
168 SF
Year Built
1977
Listing Agency:
D.E. The Home Boss Group LLC
Listed By:
Donavon Earl · License #809777
(432) 230-3432
Source:
Gloriarealestate
Added: Aug 11
Changed: Oct 26
Last Checked: Oct 29 at 10:51PM
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
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Investment Insights
Based on property information with market context.
Office space is offered in individual offices, combinations of multiple offices, or custom suite configurations. The building, constructed in 1977, is undergoing a full remodel, with refreshed shared areas and common amenities planned as part of the work.
Key Highlights
- Choices include single offices, multiple‑office groupings, and custom suite layouts
- Building constructed in 1977
- Full remodel is underway, including updates to shared areas and amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,236
Suggested Prices Based on Cap Rates
Cap Rate 5%
$44,720
$44.7K
Cap Rate 7%
$31,943
$31.9K
Cap Rate 9%
$24,844
$24.8K
Market Conditions
NOI Build-Up for 168 SF
Gross rent
$3.5K $21.00/SF
− Vacancy
−$547 −$3.26/SF
EGI
$3.0K $17.75/SF
− OpEx
−$745 −$4.44/SF
NOI
$2.2K $13.31/SF
Area
Odessa, TX
Vacancy
15.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$44,720
Cap Rate 7%
$31,943
Cap Rate 9%
$24,844
Alternative Uses
Best Use
Office B
$31.9K
$28.0K – $37.3K
NOI $2,236 @ 7.0% cap · market cap 447.20%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$244.2K
$213.7K – $284.9K
NOI $17,096 @ 7.0% cap · market cap 3,419.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,186
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Options include individual offices, multi-office configurations, and tailored suite layouts.
Where is this office unit located?
The property is located at 4001 Penbrook #314 Odessa, TX.
What are key features of this property?
This property features: Choices include single offices, multiple‑office groupings, and custom suite layouts; Building constructed in 1977; Full remodel is underway, including updates to shared areas and amenities
