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Gaut Appraisal Blog

Glenrio Texas Real Estate Market and Area Focus
April 29th, 2013 9:14 PM

Glenrio sits in an unincorporated part of Deaf Smith County, Texas. This historic town once was a pit-stop haven for people driving along the old U.S. Route Sixty-Six Highway. After the famous road closed in 1985, Glenrio essentially turned into an unpopulated town. A number of farmland and desert lots began to list on the market starting in 2001, which attracted many investors looking for rural land close to two major cities.

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Land values in Glenrio have remained stable over the last five years with one-acre lots listing from $2.9K to $4.8K, depending how close the property is to town. Electricity is available in most parts, but investors may have to pay TXU Energy to install a transformer, if the land is far away from power lines.

Glenrio sits on the New Mexico-Texas state border with the Texas side hosting the historic ghost town. To the east of Glenrio, small ranches encircle the incorporated areas that hug US Interstate Forty.

Glenrio Real Estate

Real estate investors can purchase anywhere from one-quarter-acre to twenty-acre lots on Glenrio’s east side. Land values have increased six percent in 2013 after promises of new factories opening in the nearby town of Tucumcari.

Framers in the area have increased pineapple and wheat production, along with their usual grain harvests. Most Glenrio real estate investors are either looking to build a quiet getaway from their Amarillo residence or wanting to invest in an agricultural production site on the Texas panhandle.

Appraising Real Estate in Glenrio

Investors have two places to choose from when looking for appraisal services. Tucumcari, New Mexico is forty miles to the east and offers appraisal professionals who are familiar with Texas tax codes and filing requirements.

The closest Texas appraisers, who regularly service Glenrio, conduct their business seventy miles south in Hereford. Appraisers in this city are affiliated with the Deaf Smith County Appraisal District, a regulator that serves as liaison between taxpayers and the community.

City Attractions and Features

Glenrio (a.k.a Rock Island) served a primer location site for a number of old Hollywood Westerns because of the ghost town’s well-preserved buildings, which replicated the old-west. The Glenrio Historic District was established in 2007 and consists of abandoned cafes, hotels, and salons dating back to the early 1890s.

Texas’s now defunct, Rock Island Railroad, also ran through Glenrio; relics of the company remain at the Glenrio Welcome Center located at the New Mexico-Texas border. People can find a pet walk and livestock barn a Center, which offers free WiFi access to all visitors as well.

Amarillo TX Appraisal CompanyJohn B. Dudley, SRA is an SRA-designated commercial and residential appraiser, with 35 years experience. serving the Texas pandhandle, including Amarillo TX Canyon TX Hereford TX Pampa TX Dumas TX Panhandle TX Borger TX Claude TX Dalhart TX Friona TX.
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Posted by John Dudley on April 29th, 2013 9:14 PMPost a Comment

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