RV Park Cap Rates in North Carolina
Real capitalization rate data from 50 parks across North Carolina. Understand what the market is actually returning before you write a check.
What This Means for Investors
North Carolina is running hot. An average cap rate of 17.7% 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 (4.5%–25.0%) 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 41 cities, North Carolina 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 $3,620,960, most North Carolina parks are in reach for individual investors or small syndicates — this isn't a market dominated exclusively by institutional buyers.
Cap Rates by City — North Carolina
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Marion | 25.0% | 2 | $1,189,753 |
| Greensboro | 21.8% | 2 | $1,430,651 |
| Snow Camp | 18.9% | 2 | $583,954 |
| Moncure | 17.6% | 2 | $514,918 |
| Dare County | 17.2% | 2 | $1,715,465 |
| Winston-Salem | 16.6% | 2 | $1,512,028 |
| Lumberton | 16.4% | 2 | $542,998 |
| Sunset Beach | 15.7% | 2 | $1,666,724 |
| Cherokee | 10.0% | 2 | $27,463,600 |
| New London | 25.0% | 1 | $600,885 |
| Wake County | 25.0% | 1 | $1,970,905 |
| Asheville | 23.8% | 1 | $566,181 |
| Hyde County | 23.5% | 1 | $1,117,306 |
| Buxton | 23.2% | 1 | $416,680 |
| Forsyth County | 22.7% | 1 | $943,481 |
| Avon | 22.3% | 1 | $1,105,559 |
| Pinnacle | 19.8% | 1 | $316,810 |
| Elizabethtown | 19.4% | 1 | $1,432,396 |
| Kill Devil Hills | 19.2% | 1 | $1,433,964 |
| Charlotte | 19.1% | 1 | $5,885,052 |
| Grover | 18.5% | 1 | $2,068,193 |
| Albemarle | 18.0% | 1 | $333,034 |
| Statesville | 17.2% | 1 | $776,743 |
| Cedar Island | 17.0% | 1 | $1,510,062 |
| White Lake | 17.0% | 1 | $29,706,150 |
| Carteret County | 16.9% | 1 | $2,103,044 |
| Waynesville | 16.9% | 1 | $3,056,750 |
| Whittier | 16.9% | 1 | $2,951,463 |
| Roanoke Rapids | 16.7% | 1 | $2,149,606 |
| Tabor City | 16.7% | 1 | $13,200,000 |
| Madison | 16.2% | 1 | $278,994 |
| Mocksville | 16.2% | 1 | $10,322,778 |
| Jacksonville | 16.1% | 1 | $507,183 |
| Stoneville | 15.7% | 1 | $1,184,344 |
| Elizabeth City | 15.4% | 1 | $307,028 |
| Forest City | 15.1% | 1 | $214,428 |
| Cameron | 14.5% | 1 | $492,945 |
| Asheboro | 13.8% | 1 | $1,570,880 |
| Sherrills Ford | 12.2% | 1 | $1,750,171 |
| Belhaven | 10.4% | 1 | $552,815 |
| Newport | 7.4% | 1 | $16,982,015 |
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 |
|---|---|---|---|---|
| Chatham RV Park | Moncure | 25.0% | 29 | $697,026 |
| Mountain View RV Park | Marion | 25.0% | 25 | $600,884 |
| Buck Creek RV Park | Marion | 25.0% | 74 | $1,778,621 |
| North Carolina State Fairgrounds Campground | Wake County | 25.0% | 82 | $1,970,905 |
| Cotton Patch RV Campground | New London | 25.0% | 25 | $600,884 |
| Cedar Creek Mobile Home Park LLC | Greensboro | 25.0% | 14 | $336,495 |
| Wilson's Riverfront RV Park | Asheville | 23.8% | 25 | $566,180 |
| Teeter's Campground | Hyde County | 23.5% | 50 | $1,117,305 |
| Flowers Ridge RV Park | Buxton | 23.2% | 19 | $416,680 |
| Simple Times RV Park and Campground | Snow Camp | 23.0% | 24 | $521,853 |
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 |
|---|---|---|---|---|
| Cherokee / Great Smokies KOA Holiday | Cherokee | 4.5% | 514 | $51,400,000 |
| Goose Creek RV Resort | Newport | 7.4% | 686 | $16,982,015 |
| Cotten's RV Campgrounds | Moncure | 10.2% | 25 | $332,809 |
| Peachtree Campground | Belhaven | 10.4% | 23 | $552,815 |
| Island Hide-A-Way Campground | Dare County | 12.0% | 51 | $893,934 |
| Lake Norman RV Resort | Sherrills Ford | 12.2% | 58 | $1,750,171 |
| Wishing Well RV Campground | Sunset Beach | 13.4% | 34 | $647,147 |
| Holly Bluff Family Campground | Asheboro | 13.8% | 80 | $1,570,880 |
| Herds Creek Campground | Cameron | 14.5% | 24 | $492,945 |
| Cane Creek Campground & RV Prk | Snow Camp | 14.7% | 31 | $646,055 |
Get Full Owner Contact Data for North Carolina
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 North Carolina.
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