In the present work, hybrid composites were developed by using polyester waste fibers along with natural origin materials: olive root fibers and coir pitch filler. Such composite panels can be used as a potential alternative for fiber glass sunshade panels and room dividers in buildings. Hybrid composites were fabricated by mixing polyester waste fibers and olive root fibers in different ratios (0:100, 33:67, 67:33 and 100:0). Coir pith micro-particles with an average size of 312 d.nm were used as filler in the polyester matrix at three different levels (0%, 5%, and 10%) of the overall matrix weight. Mechanical properties, e.g., tensile strength, flexural strength and impact strength, thermal properties, e.g., coefficient of linear thermal expansion, thermo-gravimetric analysis (TGA) and environmental properties, e.g., water absorption, loss of density after exposure to weathering were characterized. For comparison purposes, a commercially available fiber glass sunshades sample was also investigated. Mixture design analysis was used to optimize the ratio of all components in the composite. Graphical comparison of experimental results using regression models showed a high degree of correlation. An optimized formulation of composite with an objective of maximization of tensile strength, flexural strength, impact strength and minimization of water absorption, density loss, as well as coefficient of linear thermal expansion, was determined at 70.83 wt%, 15.15 wt%, and 14.01 wt% of polyester waste fibers, olive root fibers and coir pith micro-fillers, respectively. Overall, it can be concluded that the developed hybrid composites from waste fibrous materials can be used as a promising alternative and a value-added application in buildings and construction purposes.