RV Park Cap Rates in Maryland
Real capitalization rate data from 22 parks across Maryland. Understand what the market is actually returning before you write a check.
What This Means for Investors
Maryland sits in the healthy mid-range. An average cap rate of 10.6% offers meaningful cash-on-cash returns especially with modest leverage — and this market hasn't been bid up to the institutional compression you see in Florida or the Sun Belt.
The 2.7%–16.7% spread across 22 parks shows market diversity. Lower cap rate parks are likely in population centers with demand certainty; the high-cap parks are often rural plays where you're underwriting occupancy risk in exchange for yield. Define your thesis before you shop.
With data spread across 22 cities, Maryland 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 $9,198,181, most Maryland parks are in reach for individual investors or small syndicates — this isn't a market dominated exclusively by institutional buyers.
Cap Rates by City — Maryland
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Chestertown | 16.7% | 1 | $2,475,000 |
| Leonardtown | 16.3% | 1 | $3,685,000 |
| Middle River | 14.6% | 1 | $100,000 |
| Sparrows Point | 14.5% | 1 | $1,000,000 |
| Rock Hall | 14.1% | 1 | $1,650,000 |
| Accident | 13.4% | 1 | $1,925,000 |
| McHenry | 13.2% | 1 | $540,000 |
| Callaway | 12.7% | 1 | $18,150,000 |
| Madison | 12.0% | 1 | $2,750,000 |
| Nanticoke | 10.9% | 1 | $2,750,000 |
| Thurmont | 10.9% | 1 | $5,445,000 |
| Calvert County | 10.0% | 1 | $4,950,000 |
| Locust Grove | 9.8% | 1 | $540,000 |
| Rappahannock Academy | 9.0% | 1 | $50,000,000 |
| Whaleyville | 9.0% | 1 | $12,000,000 |
| Woodbine | 8.7% | 1 | $15,000,000 |
| Lothian | 7.7% | 1 | $30,000,000 |
| Carroll County | 7.4% | 1 | $15,000,000 |
| Grantsville | 6.9% | 1 | $1,650,000 |
| Frederick | 6.2% | 1 | $1,375,000 |
| Freeland | 6.1% | 1 | $30,000,000 |
| Clinton | 2.7% | 1 | $1,375,000 |
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 |
|---|---|---|---|---|
| Duck Neck Campground | Chestertown | 16.7% | 45 | $2,475,000 |
| La Grande Resort RV | Leonardtown | 16.3% | 67 | $3,685,000 |
| Cool Breeze Mobile Home Park | Middle River | 14.6% | 2 | $100,000 |
| Bay Front Mobile Home Court & RV | Sparrows Point | 14.5% | 20 | $1,000,000 |
| Bayshore Campgrounds | Rock Hall | 14.1% | 30 | $1,650,000 |
| Bumble Bee RV Park and Campground | Accident | 13.4% | 35 | $1,925,000 |
| Double G RV Park | McHenry | 13.2% | 12 | $540,000 |
| Take It Easy Campground | Callaway | 12.7% | 242 | $18,150,000 |
| Madison Bay Campground, Marina, and Restaurant | Madison | 12.0% | 50 | $2,750,000 |
| Roaring Point Campground | Nanticoke | 10.9% | 50 | $2,750,000 |
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 |
|---|---|---|---|---|
| Louise F Cosca Regional Park | Clinton | 2.7% | 25 | $1,375,000 |
| Merry Meadows Recreation Farm | Freeland | 6.1% | 300 | $30,000,000 |
| Evergreen Point Village | Frederick | 6.2% | 25 | $1,375,000 |
| Sleepy Hollow Campground | Grantsville | 6.9% | 30 | $1,650,000 |
| Ramblin' Pines | Carroll County | 7.4% | 200 | $15,000,000 |
| Adventure Bound Camping Resorts - Washington DC | Lothian | 7.7% | 300 | $30,000,000 |
| Ramblin’ Pines Campground | Woodbine | 8.7% | 200 | $15,000,000 |
| Four Winds Campground | Rappahannock Academy | 9.0% | 500 | $50,000,000 |
| Sun Outdoors Ocean City Gateway | Whaleyville | 9.0% | 160 | $12,000,000 |
| LOWA Campground | Locust Grove | 9.8% | 12 | $540,000 |
Get Full Owner Contact Data for Maryland
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 Maryland.
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