RV Park Cap Rates in South Dakota
Real capitalization rate data from 7 parks across South Dakota. Understand what the market is actually returning before you write a check.
What This Means for Investors
South Dakota sits in the healthy mid-range. An average cap rate of 9.9% 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 7.3%–13.7% spread across 7 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 7 cities, South Dakota 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 $2,350,714, most South 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 — South Dakota
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Aberdeen | 13.7% | 1 | $350,000 |
| Watertown | 11.7% | 1 | $750,000 |
| Sioux Falls | 10.2% | 1 | $540,000 |
| Custer | 9.4% | 1 | $2,365,000 |
| Hill City | 8.9% | 1 | $2,530,000 |
| Midland | 8.2% | 1 | $2,420,000 |
| Pennington County | 7.3% | 1 | $7,500,000 |
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 |
|---|---|---|---|---|
| Country Village | Aberdeen | 13.7% | 7 | $350,000 |
| Prairie Pasque Campground | Watertown | 11.7% | 15 | $750,000 |
| Westwick Motel and Campground | Sioux Falls | 10.2% | 12 | $540,000 |
| Broken Arrow RV Park | Custer | 9.4% | 43 | $2,365,000 |
| Black Hills Trailside Park Resort | Hill City | 8.9% | 46 | $2,530,000 |
| Belvidere East / Exit 170 KOA | Midland | 8.2% | 44 | $2,420,000 |
| Happy Holidays RV Resort | Pennington County | 7.3% | 100 | $7,500,000 |
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 |
|---|---|---|---|---|
| Happy Holidays RV Resort | Pennington County | 7.3% | 100 | $7,500,000 |
| Belvidere East / Exit 170 KOA | Midland | 8.2% | 44 | $2,420,000 |
| Black Hills Trailside Park Resort | Hill City | 8.9% | 46 | $2,530,000 |
| Broken Arrow RV Park | Custer | 9.4% | 43 | $2,365,000 |
| Westwick Motel and Campground | Sioux Falls | 10.2% | 12 | $540,000 |
| Prairie Pasque Campground | Watertown | 11.7% | 15 | $750,000 |
| Country Village | Aberdeen | 13.7% | 7 | $350,000 |
Get Full Owner Contact Data for South 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 South Dakota.
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