This paper provides a comprehensive analysis and theoretical foundation for next-generation backscatter networks that move beyond communication and integrate RF location sensing capabilities. An end-to-end system model for wideband OFDM backscatter systems is derived, including detailed characterization of propagation channels, receiver chain impairments, RF tag operation, and unsynchronized network nodes. The theoretical system model is validated through experimental evaluation using actual hardware, demonstrating the detailed model's accuracy. A practical bistatic ranging method that can operate with unsynchronized nodes is presented, along with the Cramér-Rao Lower Bound (CRLB) derived to show the achievable performance limits. Our experimental results demonstrate the system performance for communication, RF sensing, and ranging, while also benchmarking against the derived theoretical limits. This analytical framework and experimental validation establish fundamental understanding of distributed, unsynchronized backscatter systems for future machine-type communication networks that are deployed in massive scale, while remaining energy-efficient.