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 priced like a primary market. An average cap rate of 6.8% reflects compressed pricing — buyers are paying for stability, brand, or location certainty, not yield. This isn't necessarily a red flag, but it does mean you're betting on appreciation and rent growth more than current cash flow.
If you want to win in North Dakota, you need to either buy before the market knows it's for sale, or bring operational improvement that creates NOI post-close. The range of 5.6%–8.6% shows there are still pockets with real yield — city-level data below will help you find them.
At an average estimated value of $700,000, 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 | 8.6% | 1 | $270,000 |
| Hazen | 7.3% | 1 | $1,540,000 |
| Bottineau | 5.6% | 1 | $720,000 |
| Minot Air Force Base | 5.6% | 1 | $270,000 |
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 |
|---|---|---|---|---|
| Gackle RV Park | Gackle | 8.6% | 6 | $270,000 |
| Lewis & Clark RV Park | Hazen | 7.3% | 28 | $1,540,000 |
| Tommy Turtle Park | Bottineau | 5.6% | 16 | $720,000 |
| Fam Camp | Minot Air Force Base | 5.6% | 6 | $270,000 |
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 |
|---|---|---|---|---|
| Tommy Turtle Park | Bottineau | 5.6% | 16 | $720,000 |
| Fam Camp | Minot Air Force Base | 5.6% | 6 | $270,000 |
| Lewis & Clark RV Park | Hazen | 7.3% | 28 | $1,540,000 |
| Gackle RV Park | Gackle | 8.6% | 6 | $270,000 |
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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