RV Park Cap Rates in North Dakota
Real capitalization rate data from 4 parks across North Dakota. Understand what the market is actually returning before you write a check.
What This Means for Investors
North Dakota is running hot. An average cap rate of 14.0% 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 (5.6%–22.9%) 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.
At an average estimated value of $283,786, most North Dakota 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 Dakota
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Gackle | 22.9% | 1 | $129,993 |
| Hazen | 15.6% | 1 | $619,536 |
| Bottineau | 12.0% | 1 | $280,450 |
| Minot Air Force Base | 5.6% | 1 | $105,168 |
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 |
|---|---|---|---|---|
| Gackle RV Park | Gackle | 22.9% | 6 | $129,993 |
| Lewis & Clark RV Park | Hazen | 15.6% | 28 | $619,535 |
| Tommy Turtle Park | Bottineau | 12.0% | 16 | $280,450 |
| Fam Camp | Minot Air Force Base | 5.6% | 6 | $105,168 |
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 |
|---|---|---|---|---|
| Fam Camp | Minot Air Force Base | 5.6% | 6 | $105,168 |
| Tommy Turtle Park | Bottineau | 12.0% | 16 | $280,450 |
| Lewis & Clark RV Park | Hazen | 15.6% | 28 | $619,535 |
| Gackle RV Park | Gackle | 22.9% | 6 | $129,993 |
Get Full Owner Contact Data for North Dakota
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 Dakota.
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