RV Park Cap Rates in Rhode Island
Real capitalization rate data from 5 parks across Rhode Island. Understand what the market is actually returning before you write a check.
What This Means for Investors
Rhode Island sits in the healthy mid-range. An average cap rate of 10.1% 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 6.8%–13.9% spread across 5 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.
At an average estimated value of $10,815,000, most Rhode Island parks are in reach for individual investors or small syndicates — this isn't a market dominated exclusively by institutional buyers.
Cap Rates by City — Rhode Island
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Middletown | 12.8% | 2 | $3,287,500 |
| Portsmouth | 11.0% | 1 | $7,500,000 |
| Glocester | 7.4% | 1 | $15,000,000 |
| South Kingstown | 6.8% | 1 | $25,000,000 |
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 |
|---|---|---|---|---|
| Meadowlark Mobile Home & RV Park | Middletown | 13.9% | 80 | $5,200,000 |
| Second Beach Family Campground | Middletown | 11.6% | 25 | $1,375,000 |
| Newport RV Park | Portsmouth | 11.0% | 100 | $7,500,000 |
| Bowdish Lake Camping Area | Glocester | 7.4% | 200 | $15,000,000 |
| Worden Pond Family Campground | South Kingstown | 6.8% | 250 | $25,000,000 |
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 |
|---|---|---|---|---|
| Worden Pond Family Campground | South Kingstown | 6.8% | 250 | $25,000,000 |
| Bowdish Lake Camping Area | Glocester | 7.4% | 200 | $15,000,000 |
| Newport RV Park | Portsmouth | 11.0% | 100 | $7,500,000 |
| Second Beach Family Campground | Middletown | 11.6% | 25 | $1,375,000 |
| Meadowlark Mobile Home & RV Park | Middletown | 13.9% | 80 | $5,200,000 |
Get Full Owner Contact Data for Rhode Island
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 Rhode Island.
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