I reached out to a local bank that knew the property, and asked for the commercial lending department. 

Why not talk to a local agent or 5 and see what they think?

Contacted local DSCR loan officer and was told the best rates would be 7.325% with 30% down and that’s with two points.

I own a retail building with a partner under an LLC. 

Here are some tips to help you make an informed decision:Research the Market Before Making a DecisionIt is important to research the local real estate market before investing in a property.

Find out about investment meetups and groups in your local area, and find out if there are any players that bring in partners.

Just search for that term, get plugged into local real estate groups in your area, and seek out training or an instructor on that subject.  

Just another “illegal taking” my your local government.

Unlike some states, North Carolina does not impose a state property tax, leaving the determination of tax rates to local governments.

If your local town has an Apartment Association I recommend joining as they will give you information on all things real estate.