RV Park Cap Rates in Maryland
Real capitalization rate data from 13 parks across Maryland. Understand what the market is actually returning before you write a check.
What This Means for Investors
Maryland is running hot. An average cap rate of 18.4% is well above the national norm, which signals either underpriced assets, rural markets with strong cash flow, or operators who haven't professionalized revenue. For buyers, that spread is opportunity — find the bottom-quartile operators and you're buying cash flow, not just real estate.
The wide range (8.6%–24.3%) tells the other side of the story: there are parks in this state priced like trophy assets and parks priced like distressed debt. Know which bucket you're bidding on. The highest cap rates typically reflect either management upside or location risk — underwrite both.
With data spread across 13 cities, Maryland offers enough geographic diversity to be selective. The city breakdown below shows where the cap rate compression is worst and where pockets of yield still exist.
At an average estimated value of $2,333,541, most Maryland parks are in reach for individual investors or small syndicates — this isn't a market dominated exclusively by institutional buyers.
Cap Rates by City — Maryland
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Locust Grove | 24.3% | 1 | $278,957 |
| Madison | 24.3% | 1 | $1,162,475 |
| Callaway | 21.5% | 1 | $9,342,863 |
| Rock Hall | 20.2% | 1 | $995,598 |
| Whaleyville | 19.3% | 1 | $4,828,060 |
| Nanticoke | 18.5% | 1 | $1,403,375 |
| Thurmont | 18.5% | 1 | $2,776,595 |
| McHenry | 18.4% | 1 | $333,197 |
| Carroll County | 17.9% | 1 | $5,315,989 |
| Calvert County | 17.8% | 1 | $2,386,775 |
| Grantsville | 15.1% | 1 | $643,283 |
| Frederick | 14.3% | 1 | $505,956 |
| Clinton | 8.6% | 1 | $362,922 |
Top 10 Highest Cap Rate Parks
Highest estimated returns — investigate occupancy, management quality, and NOI sustainability before buying on cap rate alone.
| Park Name | City | Cap Rate | Sites | Est. Value |
|---|---|---|---|---|
| LOWA Campground | Locust Grove | 24.3% | 12 | $278,956 |
| Madison Bay Campground, Marina, and Restaurant | Madison | 24.3% | 50 | $1,162,475 |
| Take It Easy Campground | Callaway | 21.5% | 242 | $9,342,863 |
| Bayshore Campgrounds | Rock Hall | 20.2% | 30 | $995,598 |
| Sun Outdoors Ocean City Gateway | Whaleyville | 19.3% | 160 | $4,828,060 |
| Roaring Point Campground | Nanticoke | 18.5% | 50 | $1,403,375 |
| Ole Mink Farm Recreation Resort | Thurmont | 18.5% | 99 | $2,776,594 |
| Double G RV Park | McHenry | 18.4% | 12 | $333,196 |
| Ramblin' Pines | Carroll County | 17.9% | 200 | $5,315,988 |
| NavyMWR Solomons RV Campground | Calvert County | 17.8% | 90 | $2,386,774 |
10 Lowest Cap Rate Parks
Lower cap rates reflect higher prices relative to income — often found in premium markets, coastal areas, or parks with strong amenities and stable occupancy.
| Park Name | City | Cap Rate | Sites | Est. Value |
|---|---|---|---|---|
| Louise F Cosca Regional Park | Clinton | 8.6% | 25 | $362,921 |
| Evergreen Point Village | Frederick | 14.3% | 25 | $505,955 |
| Sleepy Hollow Campground | Grantsville | 15.1% | 30 | $643,282 |
| NavyMWR Solomons RV Campground | Calvert County | 17.8% | 90 | $2,386,774 |
| Ramblin' Pines | Carroll County | 17.9% | 200 | $5,315,988 |
| Double G RV Park | McHenry | 18.4% | 12 | $333,196 |
| Roaring Point Campground | Nanticoke | 18.5% | 50 | $1,403,375 |
| Ole Mink Farm Recreation Resort | Thurmont | 18.5% | 99 | $2,776,594 |
| Sun Outdoors Ocean City Gateway | Whaleyville | 19.3% | 160 | $4,828,060 |
| Bayshore Campgrounds | Rock Hall | 20.2% | 30 | $995,598 |
Get Full Owner Contact Data for Maryland
Cap rates tell you where to look. Owner contact data gets you in the door. Access phone numbers, emails, and deal pipeline tools for every park in Maryland.
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