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    FOR SALE
    Commercial real estate

    93811 Blagg Ln, Grass Valley, OR 97029

    433.97 ac lot Built 2008
    Entity Owned Free & Clear
    Property ID
    US71-1562934
    Property summary
    AI-generated overview

    This exceptional 434-acre property in Grass Valley, Oregon, presents a unique investment opportunity. Currently operating as Oregon Raceway Park, this premier automotive testing facility and private racetrack boasts a 2.34-mile, bi-directional course with a challenging, undulating layout featuring 16 turns and 400 feet of elevation change per lap. The track's smooth, race-grade asphalt is built over a 16-inch road-bed. Beyond the track itself, the property includes a 12-bay garage building generating supplemental income through existing leases. A modern facility with amenities such as restrooms with showers, an aid room, a two-pump, two-tank above-ground fuel dock, paved paddock and pre-grid areas, and a fire protection system with hydrants is in place. The property also features over 100 acres of undeveloped land, offering significant redevelopment or R&D potential. Located two hours east of Portland, the property benefits from its location along the Columbia Gorge and is zoned for its current use as a Motorsports Park Complex (MSC-1). The sale includes the associated business, Pacific Motorsports Management, LLC, with business financials available upon execution of a non-disclosure agreement. Existing income-generating garage leases and a farming contract on the undeveloped land are in place, and the sale requires honoring all current racetrack reservations, bookings, leases, and contracts. The property is situated within both Opportunity and Enterprise zones, further enhancing its investment appeal. Multi-use permits are part of the master plan.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2008
    Lot 433.97 ac (18,903,733 SF)
    APN 02S170000 5200
    UPID US71-1562934
    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
    • Continental Corner Racecourse
    • Oregon Raceway Park Car Racing Track
    • 2 Fast Trackdays Vocational School Training Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    PACIFIC MOTORSPORTS MGMT LLC
    PACIFIC MOTORSPORTS MGMT LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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