the short answer is 15,5mph.
legality aside, the speed depends on the gradient.
If you climb a steep hill, your speed will depend on the gradient and how much you pedal.
The 500W label simply means it can dissipate 500W guaranteed. What comes out of the motor depends on battery voltage, controller's maximum Amps and motor's winding code.
If you ride on a fairly flat road, your speed depends also on whether the bike is derestricted,
For example, the Woosh Petite and the Woosh Santana3 both have 250W motors, but the Petite has winding code 13, the Santana3 code 9. Restricted, both assist up to 15.5mph. Derestricted, the Petite goes up to 20mph on flat roads, the Santana3 27mph.