Johnston County RV park feasibility

Build the RV park only if the dirt behaves.

A 20-site RV park can be a real phase-one income engine in Johnston County. The catch is not the pads. It is zoning, wastewater, stormwater, fire access, and whether the parcel can support the business without expensive heroics.

Snapshot date: April 27, 2026. Based on the deep-dive memo at docs/rv-park-johnston-county-deep-dive.md. Underwriting, not a bid.

Current answer

20 sites is the first serious scale.

At 20 pads, the park can plausibly throw off meaningful NOI. Below that, it may still cash flow, but the development headache starts to look too large for the prize. Bureaucracy: undefeated, annoying, occasionally profitable.

Best targets: GB/RR/IHI zoning
Plan at 10 sites / usable acre
Wastewater is the choke point
Base site count
Annual gross
Annual NOI
Simple payback
Step 1

Pressure-test the RV park math

This page keeps the research legible and lets the main inputs move. The defaults are intentionally conservative/base-case: 20 pads, $55 ADR, 60% occupancy, 45% NOI margin, and $1.05M development cost before land. That is about $241k gross and $108k NOI before debt service.

Decision case
RV park phase one
Annual NOI
Monthly NOI
Cost / site
Current read

Density read

Revenue
NOI before debt service
Simple payback
Step 2

The deal lives or dies on these gates

The RV pads are the visible product. The invisible due diligence decides whether the project is cheap, painful, or dead-on-arrival.

Zoning
GB/RR/IHI paths

Current Johnston County use table lists Campgrounds - Travel Trailer Parks as permitted in GB (General Business), RR (Resort Residential), and IHI (Interstate Highway Interchange), with a 2-acre minimum.

Wastewater
Main choke point

Traditional RV design flow is 100 gpd/site. Expect PE design at about 15 sites (1,500 gpd) and State review at about 30 sites (3,000 gpd); dump stations can add review complexity.

Stormwater / fire
Engineer early

A real park likely disturbs over 1 acre and needs erosion control, stormwater design, fire access, and NCDOT driveway review.

Step 3

Density: ignore the fake ceiling

Theoretical math can show 54.45 sites per acre at 800 sq ft per site. That is not a buildable target. Roads, buffers, stormwater, septic repair areas, fire access, utilities, and guest experience eat the land.

Theoretical
54.45/ac

Code-math fantasy before roads and reality.

Balanced target
8-12/ac

Best underwriting lane for a decent JoCo park.

Premium / spacious
5-8/ac

Better guest feel, lower site count.

Selected plan

Step 4

Cost stack before land

The 20-site base case is roughly $900k-$1.25M before land. Low/basic can land near $600k-$850k. Friction-heavy can run $1.3M-$1.8M+ if utilities, wastewater, grading, access, or hearings get ugly.

Cost lane
Low/basic
Base
High/friction
Why it moves
Step 5

Income and value frame

Use $50-$70 ADR conservative for rural Johnston, $60-$90 only for premium/branded. The conservative math is 20 sites x $55 ADR x 60% occupancy x 365 = ~$240k gross, ~$108k NOI at 45% margin.

Cap-rate value frame

What the current NOI could be worth stabilized.

Value estimate before land/debt nuance, buyer appetite, and actual stabilization proof.

10% cap
9% cap
8% cap
Operating mix

Blend transient and extended-stay, but don't let it become a junkyard.

Recommended 20-site mix: 12 transient/weekly sites, 8 monthly/extended-stay sites, strict rules, full hookups, and no permanent-residency vibe.

$50-$70 ADR conservative for rural Johnston
$60-$90 only for premium/branded
NOI margin: 45%
Step 6

Parcel-first process

The next move is not prettier math. It is parcel-specific feasibility: zoning, Environmental Health, utility capacity, fire access, and stormwater before any hard offer.

Other lanes

If the parcel can't carry an RV park

The phase-one suite has three lanes. They live or die on different parcel attributes. If eligible RV-park zoning, wastewater, or stormwater break this lane, the next-best fits are below.

Fallback A
Agritourism glamping

If GB/RR/IHI zoning is a no-go, AR land with a real working farm is the friendlier door. Fewer units, gentler entitlement, requires bona-fide farm posture.

Fallback B
Tiny-cabin neighborhood

If the wastewater path is workable but commercial RV use is not, 2-4 STR cabins on AR with a subdivision path keeps the family-land optionality alive.

Sources

What this page is built on

The full written memo is the source of truth for the narrative detail. This page is the visual/executive version.

Underwriting ranges are estimates. Confirm zoning, wastewater capacity, stormwater obligations, driveway/fire access, utility capacity, and public-hearing risk before relying on this for a parcel offer.