Assuming a 55 grain bullet, I was playing with the Hornady ballistics calculator and it looks like you have about a 285 yard zero. The chart below shows that you will be about 3.3 inches high at 200 and 1.1 inches low at 300.
Here is the chart.
 Input Variables 
Firearm type   Rifle     
Sight Height   3.5
Bullet Weight (grains)   55
Ballistic Coefficient   .255
Muzzle Velocity (fps)   3240    
Temperature   59
Barometric Pressure (hg)   29.53    
Relative Humidity   78%
Zero Range (yards)   285    
Wind Speed (mph)   0
Ballistics Table in Yards
223 AR    55 gr., .255 B.C.   
www.hornady.comRange (yards)   Muzzle   50   100   200   300   400   500
Velocity (fps)   3240   3043   2855   2501   2174   1873   1601
Energy (ft.-lb.)   1282   1131   995   764   577   428   313
Trajectory (285 yd. zero)   -3.5   -0.3   2.0   3.3   -1.1   -12.8   -34.6
Come Up in MOA   -3.5   0.5   -1.9   -1.6   0.3   3.1   6.6