RV Park Cap Rates in North Dakota
Real capitalization rate data from 7 parks across North Dakota. Understand what the market is actually returning before you write a check.
What This Means for Investors
North Dakota is a competitive market. At 7.0% average, pricing reflects real buyer demand — this isn't a market where sellers are desperate. That said, the right deal with operational upside can still pencil well if you underwrite NOI improvements rather than buying trailing income.
In markets like this, the edge is in sourcing — not on-market listings, but owners who haven't marketed. The 7 parks in our database with owner contact data give you the starting list. Work it direct.
At an average estimated value of $1,839,239, 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 |
|---|---|---|---|
| Bismarck | 4.8% | 3 | $2,711,345 |
| Bottineau | 12.0% | 1 | $280,450 |
| Belfield | 9.5% | 1 | $1,824,864 |
| Minot Air Force Base | 7.7% | 1 | $105,168 |
| Fargo | 5.4% | 1 | $2,530,163 |
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 |
|---|---|---|---|---|
| Tommy Turtle Park | Bottineau | 12.0% | 16 | $280,450 |
| The Crossings Campground | Belfield | 9.5% | 44 | $1,824,863 |
| Fam Camp | Minot Air Force Base | 7.7% | 6 | $105,168 |
| Riviera Heights Mobile Home Community | Fargo | 5.43% | 50 | $2,530,162 |
| Holiday Estates Mobile Home Community | Bismarck | 4.93% | 50 | $2,667,458 |
| Starcrest Terrace Mobile Home Community | Bismarck | 4.93% | 50 | $2,667,458 |
| Haycreek Mobile Home Community | Bismarck | 4.53% | 50 | $2,799,116 |
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 |
|---|---|---|---|---|
| Haycreek Mobile Home Community | Bismarck | 4.53% | 50 | $2,799,116 |
| Holiday Estates Mobile Home Community | Bismarck | 4.93% | 50 | $2,667,458 |
| Starcrest Terrace Mobile Home Community | Bismarck | 4.93% | 50 | $2,667,458 |
| Riviera Heights Mobile Home Community | Fargo | 5.43% | 50 | $2,530,162 |
| Fam Camp | Minot Air Force Base | 7.7% | 6 | $105,168 |
| The Crossings Campground | Belfield | 9.5% | 44 | $1,824,863 |
| Tommy Turtle Park | Bottineau | 12.0% | 16 | $280,450 |
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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