RV Park Cap Rates in Nevada
Real capitalization rate data from 52 parks across Nevada. Understand what the market is actually returning before you write a check.
What This Means for Investors
Nevada is running hot. An average cap rate of 17.8% 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 (6.8%–24.7%) 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 29 cities, Nevada 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 $2,205,731, most Nevada parks are in reach for individual investors or small syndicates — this isn't a market dominated exclusively by institutional buyers.
Cap Rates by City — Nevada
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Reno | 18.7% | 8 | $934,079 |
| Las Vegas | 17.1% | 7 | $7,139,765 |
| Ely | 20.2% | 3 | $288,988 |
| Pahrump | 20.1% | 3 | $3,602,068 |
| Lincoln County | 19.7% | 2 | $370,976 |
| Bridgeport | 19.1% | 2 | $729,202 |
| Beatty | 19.0% | 2 | $535,147 |
| Wells | 13.3% | 2 | $475,731 |
| Austin | 13.0% | 2 | $259,095 |
| Battle Mountain | 11.1% | 2 | $861,910 |
| Minden | 24.5% | 1 | $1,385,401 |
| Yerington | 23.2% | 1 | $814,662 |
| San Bernardino County | 23.0% | 1 | $9,210,465 |
| Fallon | 22.4% | 1 | $1,353,064 |
| Fernley | 22.1% | 1 | $2,396,658 |
| Goldfield | 21.8% | 1 | $225,932 |
| Winnemucca | 21.1% | 1 | $2,591,826 |
| Moapa Valley | 20.0% | 1 | $2,131,780 |
| Overton | 20.0% | 1 | $2,855,063 |
| Bishop | 19.1% | 1 | $1,153,352 |
| Douglas County | 17.6% | 1 | $5,200,958 |
| Mesquite | 16.6% | 1 | $954,070 |
| Sparks | 16.2% | 1 | $2,789,940 |
| Topaz | 15.1% | 1 | $1,500,993 |
| Hawthorne | 14.3% | 1 | $1,214,295 |
| Inyo County | 14.1% | 1 | $279,499 |
| Hiko | 13.8% | 1 | $373,084 |
| Caliente | 12.6% | 1 | $489,519 |
| Boulder City | 8.2% | 1 | $2,189,226 |
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 |
|---|---|---|---|---|
| Palm Grove Mobile Home Community | Las Vegas | 24.7% | 321 | $7,593,582 |
| RV Park at Grand Sierra Resort | Reno | 24.5% | 8 | $187,850 |
| Carson Valley Inn RV Resort | Minden | 24.5% | 59 | $1,385,400 |
| Hitchin' Post RV Park & Motel | Las Vegas | 24.3% | 196 | $4,556,902 |
| Bonanza Terrace RV Park | Reno | 23.5% | 80 | $1,787,690 |
| Hawkeye R.V. Park | Yerington | 23.2% | 37 | $814,661 |
| Pepper Ridge RV Park | Reno | 23.2% | 41 | $902,733 |
| RV Park Nipton | San Bernardino County | 23.0% | 424 | $9,210,464 |
| Wilderness Station | Ely | 23.0% | 10 | $217,226 |
| West End RV Park | Ely | 23.0% | 11 | $238,950 |
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 |
|---|---|---|---|---|
| Angel Lake RV Park | Wells | 6.8% | 18 | $239,622 |
| Broadway Colt RV Park | Battle Mountain | 7.1% | 30 | $651,682 |
| Echo Park | Las Vegas | 7.1% | 72 | $1,564,041 |
| Pyramid Lake Marina and RV Park | Reno | 7.7% | 100 | $1,391,462 |
| Boulder Beach Residence RV Park | Boulder City | 8.2% | 154 | $2,189,225 |
| Duck Creek RV Park | Las Vegas | 12.3% | 207 | $3,690,654 |
| Young's RV Park | Caliente | 12.6% | 27 | $489,519 |
| Austin RV Park | Austin | 12.9% | 21 | $387,061 |
| Pony Express RV Stop | Austin | 13.1% | 7 | $131,128 |
| Green Valley Grocery RV Park | Hiko | 13.8% | 19 | $373,084 |
Get Full Owner Contact Data for Nevada
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 Nevada.
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