Earlier quoted context omitted.
I don't know that the accuracy afforded by LOC would be enough to pinpoint objects inside a house, though the optional fields may perhaps be used to provide room/rack location.
Lat/lon are in thousandths of a second of arc. If I did my math right, that means the worst-case precision is a hair over 3cm. Altitude is in centimeters, so on a comparable scale. Looks to me like it is accurate enough to locate even the smallest network-connected devices! Provided someone doesn't invent wifi-connected rice grains, of course.
Makes sense, Thanks for the correction