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Two-Level Office Space

4044 PENBROOK ST, Odessa, TX 79762

For Lease
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Configurable areas on both floors support a range of office layouts.

Space Size28,662 SF
Days on Market40

Property Features for 4044 PENBROOK ST

General Information

Standard status Active
Size 28,662 SF
Property subtype Office, Industrial

Space & Availability

Contiguous Space 21,600 SF
Divisible Yes
Space Use Office

Building Details

Stories 2
Building Size 28,662 SF

Spaces For Lease

at 4044 PENBROOK ST Contact us

1st Floor Active

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2nd Floor Active

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Listing Agency: KW Commercial Lubbock
Listed By: Jeremy Steen · License TX #685530
Source: Crexi
Added: Oct 2 Changed: Nov 9 Last Checked: Nov 10 at 5:34AM

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 KW Commercial Lubbock

Rey
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Investment Insights

Based on property information with market context.

Office space at 4044 Penbrook Street in Odessa spans two levels, with areas that can be configured to suit different layouts. The first floor offers 7,000+ square feet, while the second floor provides 21,600+ square feet. The property is available for rent and is divisible.

Located in Northwest Odessa, the property is at 4044 Penbrook Street. Its two-floor arrangement provides distinct areas for office use within one address.

Key Highlights

  • 21,600+ square feet on the second floor
  • 7,000+ square feet on the first floor
  • Two‑level office space with divisible, configurable areas

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

First American Home ... Real Estate Agency PB Materials Corporate Construction Company

Suggested Use

Top Pick Auto Repair Shop Building Supply Big Box & Wholesale Store HVAC Service Hair Salon Electrical Service

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

Location Intelligence

Trade Area within ½ mile

1,090
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Odessa, TX

$132 /SF/Yr
Avg Asking Price
$4.31–$240 /SF/Yr
Price Range
8,388 SF
Avg Space Size

Average Price Trend$/SF/Yr for Office Units in Odessa, TX

$91.79 Jul
$85.64 Aug
$96.53 Sep
$129 Oct

Properties on Market for Office Units in Odessa

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Configurable areas on both floors support a range of office layouts.
Where is this office unit located?
The property is located at 4044 PENBROOK ST Odessa, TX.
What are key features of this property?
This property features: 21,600+ square feet on the second floor; 7,000+ square feet on the first floor; Two‑level office space with divisible, configurable areas
(806) 392-0578 Call to check price and availability
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