Crossville Outlet Center - Three Decades of Community-Focused Bargains

Memphis, Tennessee-based real estate investor Jimmy Winemiller has worked as an agent in a variety of commercial real estate transactions. In 2013, serving as the agent for Blue Lake Farms, Jimmy Winemiller facilitated a smooth transition of ownership in the sale of the firm’s Crossville Outlet Center, located off Interstate 40 in Crossville, Tennessee.

Crossville Outlet Center’s more than 150,000 square feet of space continues to offer customers the opportunity to shop at dozens of brand-name stores with affordable prices. Women’s fashion retailer BonWorth and Rack Room Shoes can help outfit families, Tools and More puts home maintenance within reach, Cheesecakes Plus More and Klix Rolled Ice Cream offer sweet treats, and Bounce Partyz Fun Zone is an exciting way to celebrate a child’s special occasion.

Crossville Outlet Center has served residents of Crossville and visitors looking for a bargain since 1988. In the 1990s, the center expanded, and today attracts shoppers from multiple Tennessee cities, including Monterey, Sparta, and Rockwood.

Crossville Outlet Center additionally provides corporate meeting space to businesses in the community. A local firm with a local presence, the outlet’s central office is conveniently located onsite.

Basic Methods of Valuing Farmland

Entrepreneur and property developer Jimmy Winemiller has developed residential and commercial properties in several states. In addition, Jimmy Winemiller has had significant success in purchasing and enhancing large-scale farming operations.

Farmland is often an important source of collateral for loans and is the de facto source of retirement funds for farmer-owners. One challenge when dealing with farmland is assessing its value correctly.

Farmland can be evaluated in terms of the value it could fetch on the market, or it can be evaluated based on its use value. While market value is fairly straightforward, use value is a bit more complicated and is assessed as a factor of what is produced on the land.

Use value calculation starts with a base rate that is standard across a state. This is multiplied by the soil productivity factor, as determined by agronomists. That rate is then multiplied by an influence factor that takes into account elements such as flooding. The resulting figure is the use value of the land. It is often a way to reduce the tax burden on owners, since all states have a use value-based form of land taxation.