Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15500 Lightwave Dr Clearwater, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A office building with flexible floor plans for rent.

    Type:OFFICE
    Property size:
    18,198 SF
    Lot size:
    2.58 Acres
    Added:
    Jan 8, 2025
    Days on Market:
    473
    Last Refresh:
    Apr 5 at 9:42 pm

    Property Features for 15500 Lightwave Dr

    General Information

    Standard status
    Active
    Size
    18,198 SF
    Lot size
    2.58 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 15500 Lightwave Dr Contact us

    We can help!

    Listing Contact
    Sandy Hall

    Listing agent Sandy Hall

    Listing office Hold Thyssen Inc | Clearwater

    Listing date Jan 8, 2025

    Source Moodyscre

    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 Hold Thyssen Inc | Clearwater

    Overview

    Class A Office Space Available

    This Class A office building offers between 3,291 and 24,939 square feet of available space. The lease is full service, including electric, water, and janitorial services. Parking is available at a ratio of 4.55 spaces per 1,000 square feet. The property is centrally located with direct access to the Gateway Expressway and I-275. A high-quality workforce of over 412,000 employees resides within a 20-minute drive. Numerous restaurants, fast food options, banks, hotels, and retail establishments are located within 5 minutes of the property. Building and pylon signage are available. Flexible floor plans with turnkey buildouts are also available. On-site management and secure 24/7 access are provided.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Criminal Conflict & Civil ... Law Firm Stinger Corporate Office Stinger Electronics Big Box & Wholesale Store Agency for Health Care ... Government Office Murray Co Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clearwater
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7024
    Latitude
    27.913

    Nearby Similar for Lease

    • $3,895/Mo

      Clearwater Mixed-Use Lease Opportunity

      Mixed-use property with warehouse/shop and upstairs apartment for lease.
      1221 COURT STREET, CLEARWATER, FL 33756
      View Details
    • $170,928 SF/Yr

      Renovated Commercial Building in Clearwater

      Completely renovated commercial building suitable for various business types.
      1710 N FORT HARRISON AVENUE, CLEARWATER, FL 33755
      View Details
    • $104,786 SF/Yr

      Upscale Office and Retail Space

      Professional office and retail spaces available in landmark Belleair location.
      1465 S FORT HARRISON AVENUE, CLEARWATER, FL 33756
      View Details
    • $18 SF/Yr

      Clearwater Medical Office Space Available

      Prime medical office space in Clearwater near Morton Plant Hospital.
      1005 PINELLAS STREET, CLEARWATER, FL 33756
      View Details
    • $1,000/Mo

      Professional Office Space in Clearwater

      Professional office suites available for lease in Clearwater, Florida.
      13246 38TH STREET N, CLEARWATER, FL 33762
      View Details
    • $1,400/Mo

      Professional Space in Clearwater, FL

      Versatile 372 sq ft space suitable for various business uses.
      13246 38TH STREET N, CLEARWATER, FL 33762
      View Details
    • $1,800/Mo

      Professional Space in Clearwater, FL

      Versatile 755 sqft office space suitable for various businesses.
      13246 38TH STREET N, CLEARWATER, FL 33762
      View Details
    • $3 SF/Yr

      Luxury Medical Office Space Available

      Renovated medical office space for lease or sale in Clearwater.
      13555 AUTOMOBILE Blvd 200, Clearwater, FL 33762
      View Details
    • Contact for pricing

      FL, Clearwater - Countryside Corporate Ctr

      2536 Countryside Blvd, Clearwater, FL 33763
      View Details
    • Sponsored
      Contact for pricing

      FL, Clearwater - Tech Data Dr

      5225 Tech Data Dr, Clearwater, FL 33760
      View Details
    • Contact for pricing

      FL, Clearwater - US Highway 19N

      29399 Us Highway 19, Clearwater, FL 33761
      View Details
    • $2,063/Mo

      Restaurant Space with Drive-Through

      Second-generation restaurant space with drive-through on prominent retail corridor.
      1920 Gulf to Bay Blvd, Clearwater, FL 33765
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office building with flexible floor plans for rent.
    Where is this office building located?
    The property is located at 15500 Lightwave Dr Clearwater, FL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Centrally located with direct access to the Gateway Expressway and I‑275; "Full Service" Lease – Includes Electric, Water, and Janitorial; Flexible floor plans with turnkey buildouts available
    (727) 238-3876 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sandy Hall
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!