RV Park Cap Rates in Wisconsin
Real capitalization rate data from 22 parks across Wisconsin. Understand what the market is actually returning before you write a check.
What This Means for Investors
Wisconsin is running hot. An average cap rate of 16.2% 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 (8.4%–18.1%) 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 20 cities, Wisconsin 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 $1,864,331, most Wisconsin parks are in reach for individual investors or small syndicates — this isn't a market dominated exclusively by institutional buyers.
Cap Rates by City — Wisconsin
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Milton | 17.1% | 2 | $3,744,435 |
| Lanesboro | 15.5% | 2 | $903,845 |
| Osseo | 18.1% | 1 | $4,353,004 |
| Norwalk | 18.0% | 1 | $140,225 |
| Lone Rock | 17.5% | 1 | $2,721,078 |
| Woodruff | 17.4% | 1 | $5,104,598 |
| Cassville | 17.1% | 1 | $1,248,145 |
| Masonville Township | 17.1% | 1 | $1,422,885 |
| New Lisbon | 17.1% | 1 | $1,472,810 |
| Palmyra | 17.1% | 1 | $2,471,327 |
| Wisconsin Dells | 17.1% | 1 | $2,496,289 |
| Campbellsport | 17.0% | 1 | $2,478,222 |
| Stoughton | 16.7% | 1 | $1,719,343 |
| Bayfield | 16.6% | 1 | $813,109 |
| Channing | 16.6% | 1 | $717,449 |
| Gratiot | 16.6% | 1 | $573,959 |
| Balsam Lake | 16.5% | 1 | $949,974 |
| Golden Township | 15.5% | 1 | $44,090 |
| Lakewood | 11.7% | 1 | $1,963,878 |
| Town of Menomonie | 8.4% | 1 | $1,028,344 |
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 |
|---|---|---|---|---|
| Stoney Creek RV Resort and Campground | Osseo | 18.1% | 160 | $4,353,004 |
| Norwalk Village Park RV Sites | Norwalk | 18.0% | 8 | $140,225 |
| Fireside Campground | Lone Rock | 17.5% | 106 | $2,721,077 |
| Lakefront RV Park | Woodruff | 17.4% | 200 | $5,104,598 |
| Big H Campground | Cassville | 17.1% | 50 | $1,248,144 |
| Cedar Springs Campground | New Lisbon | 17.1% | 59 | $1,472,810 |
| Whitefish Hill RV Park | Masonville Township | 17.1% | 57 | $1,422,885 |
| Blackhawk Campground | Milton | 17.1% | 150 | $3,744,435 |
| Lakeland Campground | Milton | 17.1% | 150 | $3,744,435 |
| Circle K Campground | Palmyra | 17.1% | 99 | $2,471,326 |
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 |
|---|---|---|---|---|
| Irvington Campground & RV Park | Town of Menomonie | 8.4% | 43 | $1,028,344 |
| Heaven's Up North Family Campground | Lakewood | 11.7% | 114 | $1,963,878 |
| Highway 250 Campground | Lanesboro | 15.5% | 62 | $1,366,790 |
| Val-Du-Lakes Campground | Golden Township | 15.5% | 2 | $44,090 |
| Riverview City Campground | Lanesboro | 15.5% | 20 | $440,900 |
| Lakeview Park Inc. | Balsam Lake | 16.5% | 40 | $949,973 |
| Newberg Township Park Campground | Channing | 16.6% | 30 | $717,448 |
| Wolf Creek Campground | Gratiot | 16.6% | 24 | $573,958 |
| Buffalo Bay Campground | Bayfield | 16.6% | 34 | $813,109 |
| Viking Village Campground | Stoughton | 16.7% | 71 | $1,719,342 |
Get Full Owner Contact Data for Wisconsin
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 Wisconsin.
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