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Property profile & analytics
FOR LEASE
Office buildings
15550 Lightwave Dr Clearwater, FL 33760
Entity Owned
Free & Clear
Property ID
US18-5570531
For Lease
1 / 3
$24.50 SF/Yr
15550 Lightwave Dr, Clearwater, FL 33760
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1998
Construction
STEEL FRAME
Total area
92,160 SF
Lot
3.9 ac (169,797 SF)
APN
33-29-16-04904-000-0020
UPID
US18-5570531
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Experian's Clarity Services Financial Advisor
-
Website Design Masters Marketing & Advertising (Bike/Boat/Book/etc) Store
-
The Sunshine City Kitchen Remodeling Solutions Hardware & Home Improvement Interior Design
-
Bayview Pavillion Business Service Center Corporate Office
-
Clearwater Rat Removal Service Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.15M
Owner & transaction history
Myp Clearday LLC
Myp Clearday LLC
since 2026
Last sale
$14.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$19.2M
+10.7%
Apartment house (5+ units)
$19.1M
+10.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Clearwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clearwater submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$14,150,000
ML approach
$14,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,300,000
Current use
RETAIL STORES
$19,160,000
Change: +11% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$19,050,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$14.15M
Range $12.74M – $15.57M · ±10% · vs last sale $14.15M (Apr 22 2024)
Last sale anchor
$14.15M
Apr 22 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$154 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$268,539
Tax year 2023
Assessed value
$14,200,000
Assessed 2023
Previous assessed
$14,200,000
+0.0% YoY
Effective rate
1.89%
On assessed value
Land market value
$969,138
Improvement market value
$13,230,862
Total market value
$14,200,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1998
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
3
Bathrooms
16
Total area
92,160 SF
Lot
3.9 ac (169,797 SF)
APN
33-29-16-04904-000-0020
UPID
US18-5570531
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$17.3M
RETAIL STORES
Est. value
$19.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.1M
OFFICE BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Bathrooms
16
Lot
3.9 ac
Current owner
From public records · entity-resolved
Myp Clearday LLC
Entity
Free & Clear · 0 yrs held
Mailing address
15550 LIGHTWAVE DR OFC, CLEARWATER, FL 33760-3520
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Myp Clearday LLC
Clearday H20 LLC
Quitclaim Deed
related
—
Apr 22, 2024
—
Clearday H20 LLC
Myp Clearwater LLC
Quit Claim Deed
related
—
May 7, 2015
$14,150,000
Myp Clearwater LLC
Capital Growth Of Clearwater LLC
Warranty Deed
$9,900,000 · Wells Fargo Bank NA
Aug 8, 2012
$9,905,000
Capital Growth Of Clearwater LLC
Lightwave Drive LLC
Grant Deed
$8,125,000 · Ucf I Trust 1
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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