4044 Penbrook StOdessa, TX 79762

Property Details for 4044 Penbrook St

Year built

1978

Lot size

7.54 AC

Property size (Sq ft)

52,297 SF

Zone code

ED3

Property type

Office buildings

APN

36800.01707.00000

APU

368000170700000

Description

The Penbrook Building, located at 4044 Penbrook St, Odessa, TX 79762, offers a diverse range of office spaces ideal for various business needs. This two-story, 42,096 square foot building, constructed in 1983, sits on a 7.54-acre lot and features elevators. Currently, there are multiple suites available, ranging from 5,260 to 21,602 contiguous square feet, with a total of 28,473 square feet currently vacant. The building is zoned F1 and is situated in Ector County, at the cross streets of Wendover and Penbrook, providing excellent visibility and access. The property's adaptable design caters to executive offices, traditional offices, medical offices, and coworking spaces. Its prime location in Northwest Odessa ensures proximity to major retailers and high-traffic areas, fostering business growth. The building's flexible layout allows for customization to meet specific business requirements, making it an excellent choice for businesses seeking a prominent presence in a thriving commercial district. This opportunity presents a chance to establish or expand your business in a highly visible and well-located building with strong co-tenancy.

• CAP approach

  CAP return

  Valuation

  6%

  $7,758,724

  6.5%

  $7,161,900

  7%

  $6,650,335

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,665,741

  Geo Method

  $11,885,539

• Alternative Use

  Use

  Valuation

  Residential

  $8,880,755

  Hospitality

  $8,134,724

  Educational

  $6,767,995

  Medical

  $7,000,756

  Retail

  $10,527,992

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.8931

Longitude

-102.344

CBSA code

36220

CBSA name

ODESSA, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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