lotear
to subdivide
lote
lot, plot of land
+
-ar
verb suffix
Lotear means to subdivide and can be broken down into lote0 (lot, plot of land0) + -ar1 (verb suffix1). It means to divide a plot of land into smaller lots.
verb
  1. to subdivide
    To divide land into lots or parcels for sale or development
    El propietario decidió lotear su terreno para venderlo más fácilmente. // The owner decided to subdivide his land to sell it more easily.