Financial
Distress signals
Property profile

15500 Lightwave Dr Clearwater, FL 33760

FOR LEASE
Office buildings
Property ID
US18-3437657
49,470 SF 2.57 ac lot Built 2001
Last sale Jul 2003 · $6,500,000
Individually Owned Owner of record is an individual. 23-yr Hold Held for 23 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Class A office building offering office spaces of approximately 6,741 to 24,939 square feet within a centrally located property with direct access to the Gateway Expressway and I-275. The building includes a main entrance and lobby and supports flexible floor plans with space configured to accommodate tenant improvements, including the possibility of turnkey buildouts. Parking is provided at a stated ratio of 4.55 spaces per 1,000 square feet, and the property is managed on site. The building’s

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$85k
Tax billed · 2023
Assessed value$4.63M
Effective rate1.84%

Value estimate

· Sep 2026
$6.51M
$5.85M – $7.16M
Sales comparison$6.71M
NOI build-up
Gross scheduled income$474k
Vacancy & credit loss−$36k
Operating expenses−$109k
NOI · 1,366,837.50% cap applied$328k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$188/SF
Submarket average, outlier-cleaned · 302 recorded sales of this use type
Observed band · Q1–Q3$124 – $276
Qualifying comparables3

Cap rate analysis

How does the asset earn?
1,366,837.50%
$328k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPINELLAS

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant16.9
Dental Office14.8
Auto Parts Store13.7

Location

15500 Lightwave Dr Clearwater, FL 33760
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
13600 Icot, Clearwater, FL 33760-3703 $33,281,000 Dec 2023 41,982 SF
15950 Bay Vis, Clearwater, FL 33760-3115 $6,650,000 Sep 2023 57,273 SF
5225 Tech Data, Clearwater, FL 33760-3133 $5,350,000 Apr 2023 70,240 SF
5735 Rio Vis, Clearwater, FL 33760-3137 $18,000,000 Sep 2022 43,000 SF
5665 Rio Vis, Clearwater, FL 33760-3103 $18,000,000 Sep 2022 40,000 SF
6021 142nd N, Clearwater, FL 33760-2822 $6,112,500 Aug 2022 78,230 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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