Configurable Office
For Sale
Contact for pricing
4001 Penbrook #324, Odessa, TX 79762
The property offers individual offices, multi-office arrangements, and custom suite layouts.
Property Size120 SF
Price / SF$4.17
Days on Market85
Property Features for 4001 Penbrook #324
General Information
Standard status
Active
Size
120 SF
Property subtype
Commercial
Additional Details
Property Use
Office
Building Details
Building Size
120 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 25
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.
At 4001 Penbrook #324 in Odessa, Permian Business Center is a professionally managed office property built in 1977. Available configurations range from individual offices to multi-office suites, with custom build-outs also offered. A full remodel is underway, including improvements to shared areas and amenities.
Key Highlights
- Options include individual offices, multi‑office suites, and custom build‑outs
- Full building remodel underway
- Professionally managed office property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,597
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,940
$31.9K
Cap Rate 7%
$22,814
$22.8K
Cap Rate 9%
$17,744
$17.7K
Market Conditions
NOI Build-Up for 120 SF
Gross rent
$2.5K $21.00/SF
− Vacancy
−$391 −$3.26/SF
EGI
$2.1K $17.75/SF
− OpEx
−$532 −$4.44/SF
NOI
$1.6K $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%
$31,940
Cap Rate 7%
$22,814
Cap Rate 9%
$17,744
Alternative Uses
Best Use
Office B
$22.8K
$20.0K – $26.6K
NOI $1,597 @ 7.0% cap · market cap 319.40%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$174.5K
$152.7K – $203.5K
NOI $12,212 @ 7.0% cap · market cap 2,442.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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 - The property offers individual offices, multi-office arrangements, and custom suite layouts.
Where is this office unit located?
The property is located at 4001 Penbrook #324 Odessa, TX.
What are key features of this property?
This property features: Options include individual offices, multi‑office suites, and custom build‑outs; Full building remodel underway; Professionally managed office property
