RV Park Cap Rates in West Virginia
Real capitalization rate data from 22 parks across West Virginia. Understand what the market is actually returning before you write a check.
What This Means for Investors
West Virginia is running hot. An average cap rate of 17.2% 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 (14.5%–23.5%) 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 21 cities, West Virginia 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 $951,098, most West Virginia parks are in reach for individual investors or small syndicates — this isn't a market dominated exclusively by institutional buyers.
Cap Rates by City — West Virginia
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Weirton | 15.7% | 2 | $493,270 |
| Mineral Wells | 23.5% | 1 | $1,117,306 |
| Kenna | 21.1% | 1 | $2,193,083 |
| Nicholas County | 21.0% | 1 | $2,352,862 |
| Ripley | 20.0% | 1 | $571,013 |
| Delbarton | 19.1% | 1 | $591,463 |
| seneca rocks | 18.5% | 1 | $677,512 |
| Gilbert | 17.9% | 1 | $796,856 |
| Point Pleasant | 17.5% | 1 | $1,924,388 |
| Julian | 17.2% | 1 | $375,843 |
| Elkview | 16.9% | 1 | $562,442 |
| Milton | 16.6% | 1 | $357,776 |
| Fayetteville | 16.3% | 1 | $677,291 |
| Marlinton | 16.3% | 1 | $140,129 |
| Parsons | 16.2% | 1 | $509,634 |
| Cottageville | 15.3% | 1 | $1,456,839 |
| Falling Waters | 15.1% | 1 | $1,072,138 |
| Huntington | 14.9% | 1 | $887,948 |
| Beckley | 14.7% | 1 | $2,084,050 |
| Hedgesville | 14.7% | 1 | $521,013 |
| Gauley Bridge | 14.5% | 1 | $1,068,048 |
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 |
|---|---|---|---|---|
| American Way RV Park - Parkersburg | Mineral Wells | 23.5% | 50 | $1,117,305 |
| Rippling Waters Campground | Kenna | 21.1% | 110 | $2,193,083 |
| Summersville Lake Retreat | Nicholas County | 21.0% | 65 | $2,352,861 |
| Statts Mill Campground & Cabin | Ripley | 20.0% | 30 | $571,012 |
| Backwoods Camping & RV Park | Delbarton | 19.1% | 20 | $591,462 |
| Seneca Rocks RV Resort | seneca rocks | 18.5% | 38 | $677,511 |
| Twin Hollow Campground | Gilbert | 17.9% | 30 | $796,855 |
| Kanawha River Campground | Point Pleasant | 17.5% | 75 | $1,924,387 |
| 119 Rivers Edge Campground | Julian | 17.2% | 15 | $375,843 |
| Lazy K's Campground and Canoe Livery | Elkview | 16.9% | 23 | $562,442 |
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 |
|---|---|---|---|---|
| New River Campground Inc. | Gauley Bridge | 14.5% | 52 | $1,068,047 |
| Lake Stephens RV Campground | Beckley | 14.7% | 100 | $2,084,050 |
| Lazy A Campground | Hedgesville | 14.7% | 25 | $521,012 |
| Robert Newlon Airpark | Huntington | 14.9% | 42 | $887,947 |
| Leatherman's/Falling Waters Campsite | Falling Waters | 15.1% | 50 | $1,072,137 |
| Blue Heron Landing RV Campground | Cottageville | 15.3% | 67 | $1,456,838 |
| Creekside Estates | Weirton | 15.7% | 24 | $538,113 |
| Oakland RV Park | Weirton | 15.7% | 20 | $448,427 |
| Brooklyn Heights Riverfront Campground | Parsons | 16.2% | 22 | $509,633 |
| Marlinton Creek & Trail Campground | Marlinton | 16.3% | 6 | $140,128 |
Get Full Owner Contact Data for West Virginia
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 West Virginia.
Get Access →