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