Analyzing experimental data of thermodynamic properties of proteins reveals large discrepancies existing between data obtained using different experimental methods, for example, those obtained by spectroscopy methods and those by calorimetry. The interpretation is that some experimental methods probe local or site-specific properties of protein, others probe global properties. To develop a statistical mechanical model for site-specific properties of proteins we extend the Wako-Saito-Munoz-Eaton (WSME) model by introducing a set of site-dependent parameters, Ti, which has a mid-point temperature interpretation. This model has been applied to the GB1 C-terminal β-hairpin, which has also been investigated using Molecular Dynamics (MD) simulations. Our MD results support the novel modification to the WSME model by providing reasonable insight into the local thermodynamic behavior of the system. Furthermore, our model is equivalent to a statistical mechanical formulation of the foldon behavior, identified by Englander, et al in hydrogen-exchange (HX) experiments and other experimental techniques, e.g., absorption spectroscopy (Abs), circular dichroism (CD), small angle x-ray scattering (SAXA), etc. Using the simple β-hairpin model as an example, we hope to illustrate that our model is generally useful for the interpretation of site-dependent thermodynamic properties of proteins as well as for the study of protein folding.